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Match the economic concept

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Reference no: EM133047374

Match the Economic Concept with its description (one to one). Descriptions:

  1. Forward integration
  2. Switching costs
  3. Market Share ratio
  4. HHI Index
  5. Sunk costs
  6. Opportunity costs
  7. Backward integration

Concepts:

  • A measure of an industry's fragmentation
  • The typically non-product-related costs that a business or consumer incurs as a result of changing suppliers
  • When a firm purchases its own supplier
  • When a firm purchases its own distributor

Reference no: EM133047374

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