Answer :
Answer:
C. No firm has large market share
Explanation:
One of the ways of identifying a fragmented industry is that; it is a type of industry that allows lots of companies to compete with one another and at the same time there is no single or small group of companies which dominate the industry.
There are no major players in a fragmented industry.
Its competitive structure is such that no one company or firm has an overly strong or influential position in the industry