Question: Among market structures, the gray or uncertain area is between the Monopolistic Competition and Oligopoly. To properly classify industries, economists have: a. Counted the companies
Among market structures, the gray or uncertain area is between the Monopolistic Competition and Oligopoly. To properly classify industries, economists have: a. Counted the companies in each industry b. Devise Industry Concentration Ratios c. Add up the exports and imports of the companies d. Counted the employees of the industry
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