Question: Because a consolidated industry tends to be more profitable than a fragmented one, firms have a tendency to change the industry structure in their favor,

Because a consolidated industry tends to be more profitable than a fragmented one, firms have a tendency to change the industry structure in their favor, making it more consolidated through

A) restrictive government policies.

B) horizontal mergers and acquisitions.

C) a reduction in barriers to the industry.

D) increasing the number of products or services offered.

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