In general,internationalization of an industry results in more competition and lower profitability

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When an industry becomes internationalized, it generally means that more players are entering the market, resulting in increased competition. As the competition intensifies, companies must then engage in price wars and other tactics to win over customers, leading to lower profitability for all players in the industry. This is a common trend across many industries that have experienced increased globalization and cross-border trade.

In General,internationalization of an Industry Results in More Competition and Lower