Industry structure does not have much of an impact on the level of industry profitability.

Question

Quizplus · Accepted Answer

Industry structure can have a significant impact on industry profitability. Factors such as the number of competitors, barriers to entry, the bargaining power of suppliers and buyers, and the threat of substitutes and new entrants can all affect the level of competition and ultimately, the profitability of the industry.

Industry Structure Does Not Have Much of an Impact on the Level