The development of mini-mills was a disruptive innovation in the steel industry. Before mini-mills, steel production had
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The development of mini-mills was a disruptive innovation in the steel industry. Before mini-mills, steel production had substantial economies of scale and steel companies had to be very large to take full advantage of those economies. Mini-mills eliminated the advantage of large size in steel production. What effect do you think mini-mills had on market structure in the steel industry?
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Managerial Economics And Strategy
ISBN: 9780134899701
3rd Edition
Authors: Jeffrey M. Perloff, James A. Brander
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