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With the onset of the maturity stage, the number of firms in most industries:
a. Remains stable
b. Decreases significantly, then stabilizes
c. Rises
d Rises sharply until shake-out is triggered



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Answer:

The correct answer is:

b. Decreases significantly, then stabilizes

During the maturity stage of an industry life cycle, competition intensifies, leading to a decrease in the number of firms through consolidation, acquisitions, or closures. After this initial decrease, the number of firms typically stabilizes as the industry reaches a state of equilibrium.

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