Manager of a medium-sized industry which operates

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Q. With the aid of diagram explain concept of circular flow of income in a frugal economy

Q. Assume you are the manager of a medium-sized industry which operates in an industry which has a four-industry concentration ratio of 100 percent (%). All Industries in the industry are of equal size. In order to conclude your industry's optimal o/p also price, you must obtain information about how rivals would respond to changes in your decisions. If you were the manager, how would you obtain this information?

Reference no: EM1323042

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