A concentrated industry has ________ that dominate a market.

A) a large number of firms
B) three or fewer firms
C) a relatively small number of firms
D) an infinite number of firms

Concentrated Industry

An industry characterized by a few firms controlling a large market share, leading to reduced competition.

Relatively Small

A comparative term indicating that something is smaller in size, amount, or degree when compared to others in a similar context.

Number of Firms

This refers to the total count of businesses operating within a specific market or industry.