A fragmented industry is made into a consolidated industry through
A) governmental deregulation.
B) globalization.
C) technological innovation and new legislation.
D) horizontal mergers and acquisitions.

Question

Quizplus · Accepted Answer

Since a consolidated industry tends to be more profitable than a fragmented one, firms have a tendency to change the industry structure in their favor, making it more consolidated through (horizontal) mergers and acquisitions.

A Fragmented Industry Is Made into a Consolidated Industry Through