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| Topic: |
Science
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| Number of pages / Number of words: |
4 / 883 |
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Government regulators are usually most concerned with industries falling into this category. Oligopoly develops in a market structure characterized by a small number of large firms that dominate the market, selling either identical or differentiated products, with significant barriers to entry into the industry...
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Oligopoly dominates the modern economic landscape, accounting for about half of all output produced in the economy. Oligopolistic industries are as diverse as they are widespread, ranging from breakfast cereal to cars, from computers to aircraft, from television broadcasting to pharmaceuticals, from petroleum to detergent...
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Four-Firm Concentration Ratio
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