Question:
What does concentration in a market refer to?
Author: Hjalmer PedersenAnswer:
Concentration in a market refers to how many firms operate in the market. If there is low concentration there are many firms, but if there are few large operators then there is high concentration. The DCA uses it to understand if the industry has a competition problem - Among other things.
0 / 5 Â (0 ratings)
1 answer(s) in total