Increased demand for the product which pushed up

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Reference no: EM1322994

Q. Industry A has 20 Industries also a Concentration Ratio (CR) of 20%

•Illustrate what is the name for this type of industry?

•Describe some of this industry's characteristics.

•If you were in this industry also there was an increased demand for the product which pushed up the price of goods, illustrate what long-run adjustments would you expect?

•Illustrate what does your anticipated adjustment process imply about the CR for the industry? Industry B has 20 Industries also a Concentration Ratio (CR) of 85%.

•Illustrate what is the name for this type of industry?

•Describe some of this industry's characteristics.

•Illustrate what are some reasons why this industry has a high CR while Industry A had a low CR?

•Is it possible for smaller Industries to thrive also profit in Industry B? Why or why not?

Reference no: EM1322994

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