An industry with a high degree of concentration may in fact be acting competitively because of the threat of new firms coming into the business.

Name: An industry with a high degree of concentration may in fact be acting competitively because of the threat of new firms coming into the business.
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Question

Quizplus · Accepted Answer

The threat of new firms entering the market keeps existing firms acting competitively, even if there is a high degree of concentration in the industry.

An Industry with a High Degree of Concentration May in Fact