Which of the following industry structures consists of a large number of small and medium-sized companies,none of which is in a position to determine industry price?
A) Fragmented industry
B) Consolidated industry
C) Oligopoly
D) Monopoly
E) Sector

Question

Quizplus · Accepted Answer

A fragmented industry consists of many small and medium-sized companies, none of which have enough market power to determine industry prices. In this type of industry, competition tends to be high, and companies may differentiate themselves through product quality or unique features in order to gain a competitive advantage.

Which of the Following Industry Structures Consists of a Large