Business, Management and Accounting
a year ago

Market concentration increases as powerful firms dominate, impacting consumer prices.

1 view
Open Access Government
Industrial organization: understanding the mechanisms of market structures
Patrick Legros

Paper Summary

The article explores how different market structures affect businesses. It looks at why companies merge or split, how firms of all sizes can succeed, and why some industries have more powerful companies. The research shows that big companies can coexist with smaller ones, and as markets grow, prices can go up.

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