When an industry matures, profits drop. Weaker companies are eliminated, and the strong companies survive.

Name: When an industry matures, profits drop. Weaker companies are eliminated, and the strong companies survive.
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Question

Quizplus · Accepted Answer

When an industry matures, competition increases and profits tend to decrease. Weaker companies may not be able to compete and may be eliminated, while the stronger companies are able to survive and adapt to the changing market conditions.

When an Industry Matures, Profits Drop