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

Question

Quizplus · Accepted Answer

The Internet's universal standards actually have the potential to decrease barriers to entry and increase competition within an industry. This is because the standardization of technology and communication protocols allows for easier information sharing and collaboration, which can lead to more innovation and new market entrants.

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