Parties to an overcapacity are trying to ________ the industry.
A) slow down
B) eliminate
C) consolidate
D) expand

Question

Quizplus · Accepted Answer

When an industry faces overcapacity, the parties involved usually try to consolidate the industry. This involves reducing the number of players in the market through mergers and acquisitions, which can help balance the supply and demand dynamics and improve profitability. Slowing down or eliminating the industry altogether may not be viable options, while expanding the industry would only exacerbate the overcapacity problem.

Parties to an Overcapacity Are Trying to ________ the Industry