If an industry is highly regulated,firms competing within it likely have

Name: If an industry is highly regulated,firms competing within it likely have
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Question

Quizplus · Accepted Answer

In a highly regulated industry, firms must comply with strict rules and regulations, which require a bureaucratic structure to ensure adherence to these requirements. B, C, and D are less likely as they suggest a more flexible or innovative approach, which may not be feasible in such a strict regulatory environment.

If an Industry Is Highly Regulated,firms Competing Within It Likely