Buy custom Car Industry Australia
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3327 |
Essay's paper body
Until 4 weeks ago there used to be four producers in Australia, Mitsubishi though since has stopped production and closed down their Adelaide manufacturing plant, and hence exited the Australian car industry [as producers].
Economist measure the amount of rivalry by indications of industry concentration...
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In Australia, the car industry could said to have a low concentration ratio, as no car firm has a monopoly or significant market share in sales and there is many rivals. This rivalry in the car industry can inturn be also called competition – The Australian car industry is under high levels of competition which results in rivalry...
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