Industries tend to become less competitive as they continue to grow.

Name: Industries tend to become less competitive as they continue to grow.
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Question

Quizplus · Accepted Answer

As industries grow, economies of scale are achieved, which can result in lower production costs, thus increasing competition. In addition, new firms may see the potential for profit and enter the market, further increasing competition. Therefore, industries may actually become more competitive as they continue to grow.

Industries Tend to Become Less Competitive as They Continue to Grow