As a Result of Fierce Competition in the Shakeout Stage,an

question 82

True/False

As a result of fierce competition in the shakeout stage,an industry becomes fragmented.

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Definitions:

Output

The total amount of goods or services produced by a person, machine, factory, country, etc., within a certain period.

Total Cost Schedule

A detailed list that shows the total cost incurred at various levels of output or production.

Total Variable Cost

The sum of all costs that vary with the output level in the production of goods or services.

Total Fixed Cost

The cumulative total of all costs that do not alter in response to the quantity of production or output.