A consolidated industry is dominated by a large number of small or medium sized companies which are in a position to determine industry prices.
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Q9: Economies of scale arise when unit costs
Q10: Exit barriers are the economic, strategic, and
Q11: A company's closest competitors, its rivals are
Q12: The risk of entry by potential competitors
Q13: Potential competitors are companies that are currently
Q15: Brand loyalty exists when consumers have a
Q16: A fragmented industry consists of a small
Q17: Rivalry refers to the competitive struggle between
Q18: Fixed costs refer to the costs that
Q19: Historically, government regulation has constituted a minor
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