Mature industries are generally characterized by:
A) low entry barriers.
B) diseconomies of scale.
C) absence of large-scale production.
D) a small number of large firms.
E) very low customer demand.

Question

Quizplus · Accepted Answer

Mature industries are typically dominated by a small number of large firms who have been able to establish themselves in the market. This is due to high entry barriers for new firms, making it difficult for new competitors to enter the market and compete effectively. Additionally, these industries often experience economies of scale, allowing larger firms to produce goods at lower unit costs than smaller firms.

Mature Industries Are Generally Characterized By