Transition periods are commonly accompanied by a shakeout during which weaker businesses fail,withdraw from the industry,or are acquired by other firms.

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This statement is true. Transition periods often lead to a restructuring of industries, and weaker businesses may not be able to survive the changes, leading to a shakeout. This can result in businesses failing, withdrawing, or being acquired by stronger competitors.

Transition Periods Are Commonly Accompanied by a Shakeout During Which