Multiple Choice
A consolidated industry structure:
A) consists of a large number of small companies.
B) can be seen in agriculture, dry cleaning, health clubs, and real estate brokerage.
C) consists of few companies that are in a position to determine industry price.
D) provides no scope for oligopoly to exist.
E) is characterized by low-entry barriers and commodity-type products.
Correct Answer:
Verified
Correct Answer:
Verified
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