In a(n)_____ retail system,a few retailers supply most of the market.
A) fragmented
B) dispersed
C) isolated
D) concentrated
E) exclusive

Question

Quizplus · Accepted Answer

A concentrated retail system refers to a market where a handful of retailers dominate the industry, having a significant market share. These retailers may have a considerable level of control over the decisions regarding prices, distribution, and availability of products or services. This type of system is typical in industries with high barriers to entry, economies of scale, and limited competition.

In A(n)_____ Retail System,a Few Retailers Supply Most of the Market