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Firms have a tendency to change the industry structure in their favor, for example by making industries more ______through mergers and acquisitions.

Answer :

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Firms have a tendency to change the industry structure in their favor, for example by making industries more Consolidated through mergers and acquisitions.

What are the major types of industry structure?

The four famous types of market structures possess perfect competition, oligopoly market, monopoly market, and monopolistic competition

What is represented by industry structure?

Industrial structure represents the composition of a country's economic activity, the presentation of human material provisions. Industries are usually classified into three basic types according to their stage within the presentation process, or the type of value being added to a biological resource.

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