The Household Appliance Industry Has Few Major Manufacturers Like Nebula

Multiple Choice

The household appliance industry has few major manufacturers like Nebula Corp., Cook Well Inc., and Mercury Corp. and a few smaller manufacturers. There is not much competition in this industry because the smaller companies cannot afford to compete aggressively with the large firms which do not engage in price wars. This scenario best illustrates a ________.

A) quandary industry
B) fragmented industry
C) quaternary industry
D) concentrated industry