In concentrated industries,the demand for a firm's product is never completely elastic.

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Concentrated industries are dominated by a small number of large firms, which often have significant market power. As a result, consumers may have limited alternatives to the products offered by these firms and may not be very responsive to changes in price. Therefore, the demand for a firm's product in a concentrated industry is typically less elastic than in a more competitive market where consumers have more choices.

In Concentrated Industries,the Demand for a Firm's Product Is Never