What is not a factor in identifying an industry's dominant economic features?

Identifying an industry's dominant economic features involves understanding various elements that define the marketplace and competitive dynamics within that industry. Market size and growth rate provide insight into the potential and current state of the industry, while the extent of market integration refers to how well the market is connected, possibly affecting competitive interactions. Product differentiation highlights how distinct products are from one another, influencing competition and customer choice.

While competitive forces are essential in analyzing an industry's dynamics and performance, they are generally considered a subset of the broader economic features rather than a defining characteristic. Competitive forces help to shape the landscape but don't singularly account for the economic attributes that define the industry itself. Thus, recognizing that competitive forces are more about the interactions within the defined economic features rather than a direct characteristic of the industry helps clarify why this choice stands out. Understanding this distinction is key to accurately analyzing industry dynamics.