Industry structures are not stable over time.The U.S.banking industry has seen major consolidation in recent years.We would expect the result of this dynamic change to be what?
A) Generally lower industry profits.
B) It will have no effect on profitability.
C) Further erosion in business.
D) Generally higher industry profits.

Question

Quizplus · Accepted Answer

Having fewer competitors generally equates to higher industry profitability.

Industry Structures Are Not Stable Over Time