How has innovation transformed the steel industry? Group of answer choices It has resulted in tacit price collusion between large, established producers. It has resulted in the steel industry becoming an oligopoly, with a small number of large producers. It has led to the consolidation of the industry. It has allowed smaller, efficient mini-mills to enter the market and revolutionize the structure of the industry. It has increased the fixed costs of production, making it harder for smaller enterprises to enter the market