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Which industry type is characterized by a large number of firms of approximately equal size?An emerging industry is one that is characterized by a large number of firms of approximately equal size.
Which industry type is characterized by a large number of firms?Business Industry:
The term "business industry" refers to a variety of industries that run various companies all over the world.
What are the 4 four types of industry?industry, group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are generally classified as primary, secondary, tertiary, and quaternary; secondary industries are further classified as heavy and light.
Which industry is dominated by a small number of large companies?An oligopoly is when a few companies exert significant control over a given market. Together, these companies may control prices by colluding with each other, ultimately providing uncompetitive prices in the market.
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