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1. Discuss the concept of punctuated equilibrium theory as it pertains to changes in industries. Give an example of punctuated equilibrium theory in an industry

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1. Discuss the concept of punctuated equilibrium theory as it pertains to changes in industries. Give an example of punctuated equilibrium theory in an industry of your choosing (do not use the same example as your textbook). Make sure to explain what caused the fundamental change in the industry you chose to highlight

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