Which of the following is not a characteristic of fragmented industries?
A) A large number of small competitors
B) Low economies of scale
C) Many custom-made or specialty firms
D) High barriers to entry
E) Low consolidation

Question

Quizplus · Accepted Answer

High barriers to entry are not a characteristic of fragmented industries. Fragmented industries are typically characterized by a large number of small competitors, low economies of scale, many custom-made or specialty firms, and low consolidation. However, fragmented industries typically have low barriers to entry, which means that new competitors can easily enter the market and compete with existing firms.

Which of the Following Is Not a Characteristic of Fragmented