Pregunta:
What does a firms competitive environment revolve around? And what has market concentration do do with it?
Autor: Hjalmer PedersenRespuesta:
Firms’ competitive environment revolves around three key elements: 1. Number and size distribution of firms 2. Market entry and exit barriers 3. Degree of product differentiation The seller concentration typically refers to point 1: the number and size distribution of firms.
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Autor
Hjalmer Pedersen