The ____ period moves the industry from many companies and high product costs, to a more stable industry with only a few efficient firms.

Question

The ____ period moves the industry from many companies and high product costs, to a more stable industry with only a few efficient firms. ​

Quizplus · Accepted Answer

The shakeout period in an industry lifecycle is characterized by intense competition, leading to the exit of less efficient firms. This results in a more stable industry with fewer, more efficient firms and typically lower product costs.

The ____ Period Moves the Industry from Many Companies and High