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Concentration Ratio
Essay specific features
Written by:
Anonymous
Date added:
April 18, 2012
Level:
University
Grade:
A
No of pages / words:
3 / 731
Was viewed:
2938 times
Rating of current essay:
Essay content:
Monopolistic competition, below 40% for the four-firm measurement, is a market structure with many firms; each firm produces similar but slightly different products. Each firm possesses an element of market power with no restrictions on entry of new firms to the industry markets in which numerous firms supply products which are each slightly different...
displayed 300 characters
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Oligopoly, above 40% for the four-firm measurement, is a market structure in which a small number of firms compete. The firms might produce almost identical products. The barriers limiting entry into the market the market power lies within 4 top producing firms. Monopoly, with a near-100% four-firm measurement because there is only one market holding the majority of the market power, is a market structure in which one firm produces the entire output of the industry There are no close substitutes for the product...
displayed 300 characters
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