Market Concentration

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  • Created by: Frances
  • Created on: 02-06-13 21:49

The characteristics of four models of market sellers are required.

Firms operate in a market structure, and the prices and output it sets are determined largely by the nature of competition in the market.

When considering maket structure, it is always useful to consider how many firms dominate the market. In highly concentrated markets few firms dominate;

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