Which of the following products witnessed a high growth in the number of producers within a few years of market introduction, but was followed by a fast and substantial shakeout?

Question

Quizplus · Accepted Answer

Penicillin experienced a rapid increase in the number of producers shortly after its introduction due to its revolutionary impact on healthcare and the high demand for antibiotics. However, this was followed by a significant shakeout as production processes improved, leading to economies of scale that only larger producers could achieve, and regulatory requirements increased, which smaller producers found difficult to meet.

Which of the Following Products Witnessed a High Growth in the Number