A new business entering an industry might improve the financially viability of all businesses in that industry by:YOUR ANSWERYour Answerincreasing their revenue streams due to increased customer demand.increasing the costs for scarce resources.decreasing demand as marketing by all businesses increases.increasing skills shortages.

A new business entering an industry might improve the financial viability of all businesses in that industry by:

1. Increasing their revenue streams due to increased customer demand: When a new business enters an industry, it can bring attention to that industry and stimulate customer interest. This can lead to increased demand for the products or services offered by all businesses in the industry, thereby increasing their revenue streams.

2. Increasing the costs for scarce resources: This might seem counterintuitive, but when a new business enters an industry, it can increase competition for scarce resources. This can drive up the price of these resources, which can benefit businesses that already have access to these resources by increasing their value.

3. Decreasing demand as marketing by all businesses increases: When a new business enters an industry, it can lead to an increase in marketing efforts by all businesses in the industry in an attempt to maintain or increase their market share. This increased marketing can raise awareness of the industry and its products or services, potentially leading to increased demand.

4. Increasing skills shortages: When a new business enters an industry, it can increase demand for skilled workers. This can lead to skills shortages, which can benefit existing businesses in the industry if they already have skilled workers on their payroll. These workers may become more valuable, and their skills may become more in demand, which can improve the financial viability of these businesses.