Stages of the Industry Life Cycle | Shakeout Stage

Onestar

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Hi Guys,
I am reading the (Schweser notes, 2014, p.282) and it doesn’t tell you what the level of prices are for the “Shakout Stage.”
  • Embryonic Stage - High Prices
  • Growth Stage - Falling Prices
  • Shakeout Stage - ?
  • Mature Stage - Stable Prices
  • Decline Stage - Declining Prices
Would I be right in assuming prices are still continuing to fall during the shakeout stage?
 
The intense competition in the shakeout stage would suggest to me that prices are falling.
What does the CFA curriculum say?
 
It doesn’t say, just explains that there is slowing growth, intense competition and declining profitability.
But I’m confident if you think prices are still falling - must be right (the oracle is never wrong!)
 
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