Firms supplying niche markets are often highly profitable because:
A)They tend to supply specialty products for high income consumers
B)They tend to be sufficiently small that a single firm can often establish a dominant position
C)They tend to be disregarded by major corporations
D)They tend to have high entry barriers

Question

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The Answer of Firms supplying niche markets are often highly profitable because:
A)They tend to supply specialty products for high income consumers
B)They tend to be sufficiently small that a single firm can often establish a dominant position
C)They tend to be disregarded by major corporations
D)They tend to have high entry barriers

Firms Supplying Niche Markets Are Often Highly Profitable Because