1. What are the advantages and disadvantages of using a 5-firm concentration ratio rather than a 15-firm,...

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1. What are the advantages and disadvantages of using a 5-firm concentration ratio rather than a 15-firm, 3-firm or even a 1-firm ratio?

2. Why are some industries like bread baking and brewing relatively concentrated, in that a few firms produce a large proportion of total output?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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