Answer 1
It is axiomatic that more companies in an industry will lead to lower prices in a market than one involving fewer competitors. This is because fewer competitors will be less inclined to reduce price since an implicit understanding of interdependence will be present. With many companies, such discipline is less likely.
Answer 2
When online agencies like Travelocity came on the scene in the 1990s, another blow was felt by the traditional brick and mortar agencies. The online agencies were accessible at the touch of a key while traditional agencies had to be visited in person or over the phone. Most traditional agencies had equal access to supplier discounts but their advantage was their more personalized service, which was not practical for online agencies and kept customers loyal. However, the demographics of the traditional travel agencies indicate that the changes caused many small and medium-sized agencies to close down.
bio industry
How Far Did Your Food Travel?
Immune Response to a Food Allergen
Reflex Response
Sympathetic Nervous System's Flight or Fight Response
Respiratory response to increased activity levels