If an industry evolves from oligopoly to monopolistic competition, we would expect

Name: If an industry evolves from oligopoly to monopolistic competition, we would expect
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When an industry evolves from oligopoly to monopolistic competition, it means that more firms are entering the market, which dilutes the market share of the largest firms. This leads to a decrease in the four-firm concentration ratio, indicating a more competitive market environment with less dominance by the top firms.

If an Industry Evolves from Oligopoly to Monopolistic Competition, We