The Internet's universal standard have changed industry structure by increasing barriers to entry and decreasing competition within an industry.

Question

Quizplus · Accepted Answer

The internet has actually lowered barriers to entry and increased competition in many industries by allowing smaller companies and startups to have access to global markets, customers, and resources. The universal standards of the internet have also made it easier for consumers to compare products and prices, putting pressure on established companies to improve their offerings.

The Internet's Universal Standard Have Changed Industry Structure by Increasing