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Market fragmentation is the concept that a marketplace can divide into many small markets, each containing customers with distinct preferences difference between consolidated vs fragmented industry with example. MARKET FRAGMENTATION definition: a situation in which there are many different types of customer for a particular product or service…

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Roger's rundown: Fragmented market How do we respond? This definition is especially often used in securities markets. Trading in a securities market can be "concentrated", ie when most trading is conducted at one Lecture 8, part 2: Market Fragmentation (Financial Markets Microstructure)

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