CFA Practice Question

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CFA Practice Question

Industry consolidation usually happens in the ______ stage.
A. shakeout
B. mature
C. decline

User Contributed Comments 4

User Comment
gill15 mature companies consolidate and become oligopolies.
psahni85 Schweser says consolidation also happens in decline.
littlecow but the book says maturity stage. Which source would you trust? Schweser or textbook?
miszkam I think the textbook is wrong. Investopedia says consolidation occurs during shakeout)
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