Elucidate what is the advantage and disadvantage of policy

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Q. n Tuna, Texas, the retail gasoline market consists of six firms, Firm 1 has 35 percent of the market, Fir 2 has 25 percent, and the remaining firms have 10 percent each. Illustrate what is the four-firm concentration for this industry?

Q. Suppose that the government of Tonga decided to impose or place a price floor on all imported chicken products. Elucidate what is the advantage and disadvantage of this policy.

Reference no: EM1350130

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