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Explain the sources of economies of scale and scope

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Economies of scale and scope, Market Structure and Market Power

a) Explain the sources of economies of scale and scope

b) Explain the determinants of market structure.

c) What is market power and how is it measured? How is market concentration measured? What is the relationship between market power and market concentration according to the Cournot model? How can the relationship between market power and market structure be explained?

Reference no: EM132389369

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