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

Question

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The shakeout period in an industry lifecycle is characterized by intense competition, leading to the exit of less efficient firms. This phase transitions the industry from one with many competitors and high product costs to a more consolidated and mature market with fewer, more efficient firms.

The _____ Period Moves the Industry from Many Companies and High