Which of the Following Statements with Regard to Industry Structures

question 24

Multiple Choice

Which of the following statements with regard to industry structures is true?

• A) They are stable over time, not dynamic.
• B) Having a large number of competitors generally equates to higher industry profitability.
• C) A consolidated industry tends to be more profitable than a fragmented one.
• D) Having few but large competitors increases the threat of strong competitive forces such as supplier or buyer power.

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Definitions:

Chemical Pathway

A series of chemical reactions occurring within a cell that lead to the production of a certain substance or a change in the cell.

Anaerobic Respiration

Anaerobic respiration is a process by which cells produce energy without the need for oxygen, through fermentation or other means.

Aerobic Respiration

The process of producing cellular energy involving oxygen.

ATP

Adenosine triphosphate, a molecule that provides energy to drive many processes in living cells, acting as a universal energy currency.