The Internet's universal standards can change industry structure by decreasing barriers to entry and increasing competition within an industry.

Question

Quizplus · Accepted Answer

This statement is true. Universal standards for the Internet can simplify and streamline various processes and technologies, making it easier for new entrants to develop products and services that can compete with established players in a particular industry. As a result, this can lead to increased competition and lower barriers to entry, thereby changing the industry structure.

The Internet's Universal Standards Can Change Industry Structure by Decreasing