Initiatives to improve an industry's profitability through changing its structure are:
A)Only feasible for the dominant player within an industry
B)More difficult in fragmented industries than in concentrated industries
C)Feasible in any industry that is subject to ruinous price competition
D)Always risky because they attract the attention of antitrust authorities

Question

Quizplus · Accepted Answer

It is more difficult to change the structure of a fragmented industry because there are many small players with different interests that are hard to align. In a concentrated industry, there are fewer players, and their interests are more aligned, making it easier to change the industry structure.

Initiatives to Improve an Industry's Profitability Through Changing Its Structure