Mature industries are generally characterized by
A) low entry barriers.
B) few economies of scale.
C) high transportation costs.
D) a small number of large firms.
E) rapidly fluctuating demand.

Question

Quizplus · Accepted Answer

Mature industries are often dominated by a small number of large firms that have been able to establish themselves through brand recognition and economies of scale. These firms are often well-established and difficult for new competitors to challenge.

Mature Industries Are Generally Characterized by