The rule of three states that the third major company in an industry has little chance of survival.

Question

Quizplus · Accepted Answer

The rule of three does not necessarily state that the third major company in an industry has little chance of survival. Rather, it suggests that industries tend to be dominated by three major competitors, and that smaller companies may struggle to enter the market and compete against these established players. However, the success or survival of individual companies within the three major competitors is not predetermined by this rule.

The Rule of Three States That the Third Major Company