English, asked by mithunkansara28, 7 months ago

D. Long answer questions​

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Answered by Anonymous
2

Answer:

please say the full question.

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Answered by saxenrajesh857
0

Answer:

sectional, cross-national (US and UK) industry data on narrowly-defined product markets.

The process by which industries evolve to their static outcomes is found to occur

similarly for the same industry in the different countries. Some industries have strong shakeouts

in firm numbers and others not, confirming findings of Gort and Klepper (1982) on the first large

set of alternative data. In industries with shakeouts entry eventually nearly ceases, but in

industries without shakeouts entry remains high. Even in strong shakeouts there is not

necessarily a rise in firms’ rate of exit coincident with the shakeout, confirming that shakeouts

are not driven by single technological events. The theory and evidence explain why early mover

advantage is tied up with the spiral of firm advantage that yields shakeouts, so that only in

industries with substantial shakeouts do early movers experience low exit rates relative to

incumbents.

Technological patterns conform to those expected if technological opportunity drives

typical industry outcomes. Leading early entrants dominate relevant patents in industries with

substantial shakeouts, and patenting enhances survival especially in industries with shakeouts.

Thus technological innovation seems typically to drive alternative industry competitive

dynamics, through a spiral of firm advantage in industries with high opportunity for product

improvement and process innovation.

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