![](https://cos-cdn.shuashuati.com/pipixue-web/2020-1231-2005-12/ti_inject-812ce.png)
Which of the following provides an explanation for why alarge number of small competitors will reduce industry profits?
A.
Incumbent firms are more likely to benefit from economies of scale
B.
Customers are more likely to adopt substitute products
C.
Tacit collusion is harder to sustain
D.
The threat of retaliation against entrants is higher