An industry dominated by a few large firms,all of which struggle with product differentiation,is known as
A) multi-domestic.
B) consolidated.
C) global.
D) indigenous.
E) worldwide.

Question

Quizplus · Accepted Answer

A consolidated industry is one where a few large firms dominate the market and struggle with product differentiation. This means that there is little variation in products between firms, and they typically compete on price rather than features or benefits. This can lead to a lack of innovation and a reduced ability for smaller companies to enter the market.

An Industry Dominated by a Few Large Firms,all of Which