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AndrewKraus AndrewKraus
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6 years ago
An industry is deemed concentrated when ________.
A) each firm in that industry has a small market share
B) all the firms in that industry charge a price lower than the average cost of production
C) most of the firms in that industry earn zero economic profits in the long run
D) a few firms account for a large fraction of total sales in that industry
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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AndrewKraus Author
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#2
6 years ago
Needed this for my economics assignment, thanks
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