Question

As an industry matures while overcoming fragmentation and becomes dominated by a small number of large companies, it tends to become a(n)

Answer 1

As industry matures, while overcoming fragmenting, it becomes consolidated type of industry. Once the industry is consolidated, the differentiation of the costs combine in many different ways. In the case, the high market share is not maintained. The buyers require and demand a quality level, that is good.  For example - restaurants offering a minimum level of products' quality, such as in KFC Chicken.  

Answer 2

As the industry matures while overcoming fragmentation and becomes dominated by a small number of large companies, it tends to become a consolidated industry.

In this kind of industry, the high market share cannot be maintained as it includes other large companies and the differentiation in costs related to other factors.

Here in this industry, the customers expect a quality product.