Question: Numerous studies have shown that there is usually a systematic relationship between concentration and price. What is this relationship? Offer two brief explanations for this

Numerous studies have shown that there is usually a systematic relationship between concentration and price. What is this relationship? Offer two brief explanations for this relationship.

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In economics market concentration is a function of the number of firms and their respective shares of the total productionalternatively total capacity or total reserves in a market Alternative terms a... View full answer

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Numerous studies have shown that there is usually a systematic relationship between concentration and price. What is this relationship? Offer two brief explanations for this relationship.

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