Which statement is most likely TRUE? In industries with high barriers to entry, the need for competitor analysis diminishes. In other words, with a fixed number of incumbent firms in an industry, there is no real need to learn the competitive behaviors of rivals. Average profitablity in the industry is lower when entry into a industry is easy for firms, because of the increasing cost of competitor analysis. In other words, it becomes more costly for incumbent firms to learn the competitive behavior of rivals. Both statements are true Neither statement is true