The level of competition in a given market tends to increase if: a. Minimum efficient scale of

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The level of competition in a given market tends to increase if:

a. Minimum efficient scale of firms increases.

b. The number of of substitutes increases.

c. Significant barriers to exit are imposed.

d. The number of potential entrants decreases.

Posted Date: Sep 30, 2021 12:50 AM

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The level of competition in a given market tends to increase if: a. Minimum efficient scale of

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The number of of substitutes increases this is because when there are varieties of substitut... View the full answer

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