As an industry matures while overcoming fragmentation and becomes dominated by a small number of large companies,it tends to become a(n)
A) united industry.
B) fragmented industry.
C) consolidated industry.
D) isolated industry.
E) integrated industry.

Question

Quizplus · Accepted Answer

When an industry becomes dominated by a small number of large companies, it tends to consolidate or become a consolidated industry. This is because the larger companies are able to acquire smaller competitors or merge with them, leading to fewer players in the market. This consolidation often results in increased efficiency and higher barriers to entry for new competitors, making it harder for new companies to enter the market.

As an Industry Matures While Overcoming Fragmentation and Becomes Dominated