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How do you think changes in technology will affect the market structure of the power generation...

How do you think changes in technology will affect the market structure of the power
generation industry?

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Answer #1

Changes in technology will affect the market structure of power generation industry. Improvement in technology and installation of latest technology will help the industry to produce more efficiently and increase its power generation. When the industry will be able to increase its production, it will be able to capture large market share and increase its reach. In this way, market structure of power generation industry will become more stable and profitable.

Hence, we can say that technological changes are in favor of power generation industry and is beneficial to it in improving it's market structure.

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