Which of the Following Is Not a Characteristic of a Fragmented

question 7

Multiple Choice

Which of the following is not a characteristic of a fragmented industry?

• A) Low barriers to entry
• B) Diseconomies of scale
• C) Brand loyalty in the industry that may primarily be local
• D) Very specialized customer needs
• E) Large mass-production operation

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Definitions:

Income Level

The amount of monetary or material wealth that an individual, family, or group receives, usually quantified on an annual basis.

Chocolate-Covered Peanuts

Peanuts that have been coated in a layer of chocolate, serving as a sweet and crunchy snack.

Preference

An individual's choice or inclination towards a specific option among a set of alternatives based on tastes, utility, or desirability.

Coconuts

Tropical fruit known for its water and flesh, often used as food and in various products, representing a good in economics.