At what point in the industry life cycle are inefficiencies in competitors most likely to be removed?

Question

Quizplus · Accepted Answer

In the consolidation stage, larger companies start to acquire or merge with smaller competitors, leading to a reduction in the number of players in the market. This can result in an elimination of inefficiencies and a focus on improving profitability and operational efficiency. Therefore, this is the point in the industry life cycle where inefficiencies in competitors are most likely to be removed.

At What Point in the Industry Life Cycle Are Inefficiencies