The larger the number of companies competing within an industry,the better off each company is.

Name: The larger the number of companies competing within an industry,the better off each company is.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The opposite is true. The larger the number of companies competing within an industry, the more difficult it is for each company to stand out and gain market share. This often leads to price wars and decreased profitability for companies within the industry.

The Larger the Number of Companies Competing Within an Industry,the