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1. Explain Competitive and Concentrated Industries. What are the features of each in terms of the participants and the features of market entry. A minimum

1. Explain Competitive and Concentrated Industries. What are the features of each in terms of the participants and the features of market entry. A minimum of 3 points of explanation for each is expected. 2. Explain how in each of Competitive and Concentrated environments there is an impact on prices and profits. Provide one example of each.

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