When the four largest firms control less than 40 percent of industry output, the industry is generally regarded as oligopolistic.

Name: When the four largest firms control less than 40 percent of industry output, the industry is generally regarded as oligopolistic.
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When the four largest firms control more than 40 percent of industry output, the industry is generally regarded as oligopolistic, indicating a high concentration and less competition.

When the Four Largest Firms Control Less Than 40 Percent