Final answer:
Mature industries are often typified by a slowdown in the introduction of new products or services, well-established brand names, and less frequent technological changes leading to more inelastic supply curves.Hence, the correct answer is option C.
Step-by-step explanation:
Mature industries are typically characterized by certain market behaviors and industry dynamics. Answer C) a slowdown in the introduction of new products or services, is often a characteristic of a mature industry. In contrast with growing industries, mature industries usually see less innovation and fewer new products or services being introduced as the market becomes saturated. They also tend to have well-established brands and well-respected reputations, which have been built up over many years.
Increasing cost industries face unique challenges as they expand. The demand for limited inputs, like skilled labor, drives up costs, resulting in more inelastic industry supply curves. Wages, a primary cost factor, increase as supply becomes more inelastic, leading to higher production costs across all firms.
Technological improvements can temporarily disrupt this balance by reducing costs and increasing supply, but this is not the norm for mature industries. Instead, mature industries see less fluctuation in supply and demand as they typically experience minimal technological changes, consistent with the traits outlined in this question.