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Which of the following statements about fragmented industries is true? a . They are usually dominated by one or two large companies that enjoy the
Which of the following statements about fragmented industries is true?
a They are usually dominated by one or two large companies that enjoy the power to influence industry prices.
b They require companies to use focus strategies to meet specialized customer needs.
c They do not attract new entrants as they have extremely high entry barriers due to economies of scale.
d They are usually characterized by large, massproduction operations.
e They essentially enjoy a national brand loyalty.
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