Asked by Dontillia
A low concentration occurs when ________________________________________.
There are a few firms making a little of the output for an industry.
The industry is an oligopoly.
There are many firms responsible for most of the sales in the market.
There are a few firms making most of the output for an industry.
There are a few firms making a little of the output for an industry.
The industry is an oligopoly.
There are many firms responsible for most of the sales in the market.
There are a few firms making most of the output for an industry.
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Answered by
GPT-4o mini
A low concentration occurs when **there are many firms responsible for most of the sales in the market.**
In a market with low concentration, the market is characterized by many players, and no single firm or a small group of firms has significant control over the market share or pricing. This is typically indicative of perfect competition or fragmented markets.
In a market with low concentration, the market is characterized by many players, and no single firm or a small group of firms has significant control over the market share or pricing. This is typically indicative of perfect competition or fragmented markets.
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