The risky and uncertain industry outlook (which is likely to discourage new entrants).

Under this circumtance, Entry threats are considered to be generally weaker.
The risky and uncertain outlook, the market will be dominated by the old-timer of the industry members.
The old-timers wouldn't  need to be afraid of the new entrants that came and disrupt the equilibrium under such circumtance

The answer would definitely false

Early 18th century british industries were generally small scale and relatively unsophisticated. most textile production, for example, was centred on small workshops or in the homes of spinners, weavers and dyers: a literal ‘cottage industry’ that involved thousands of individual manufacturers. such small-scale production was also a feature of most other industries, with different regions specialising in different products: metal production in the midlands, for example, and coal mining in the north-east.two illustrations of 18t