A Consolidated Industry Structure

Multiple Choice

A consolidated industry structure:

A) consists of several small companies or medium-size companies, none of which is positioned to determine industry price.
B) constitutes a threat rather than an opportunity.
C) is dominated by a small number of companies or, in extreme cases, by just one company, and such companies often are positioned to determine industry prices.
D) provides no scope for an oligopoly to exist.
E) is characterized by low-entry barriers and commodity-type products.