CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

When barriers to entry are high and the industry is made up of a few large firms, there is ______.

A. more competition as compared to an industry with a large number of small firms
B. a strong case for a government take-over of the industry
C. less competition than in an industry with a large number of small firms, but there will be competition that takes the form of efforts to improve quality
Correct Answer: C

User Contributed Comments 1

User Comment
EEEEvia why not B?
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