A fragmented industry is dominated by a few large firms,each of which struggles to differentiate its products from the competition.

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A fragmented industry is one in which there are many small firms, none of which has a dominant position in the market. In such an industry, firms do not struggle to differentiate their products from the competition because they operate in niche markets or offer specialized products or services.

A Fragmented Industry Is Dominated by a Few Large Firms,each