Batteries are considered to be a high-concentration industry, while bakeries are a low-concentration industry.

Question

Quizplus · Accepted Answer

In a high-concentration industry, a few companies dominate the market, which is the case with batteries where a few large firms control a significant market share. In contrast, a low-concentration industry like bakeries is characterized by many small players and a more evenly distributed market share.

Batteries Are Considered to Be a High-Concentration Industry, While Bakeries