"Shakeout"--a period when many firms exit from an industry following a period of intense competition-characterizes an industry's transition from:

Question

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Shakeout typically occurs as an industry transitions from the growth stage to the maturity stage. During this phase, the intense competition and market saturation lead to the exit of firms that cannot sustain profitability, resulting in a consolidation of market players.

"Shakeout"--A Period When Many Firms Exit from an Industry Following