dentify the situations that could make an industry More or Less competitive than the four-firm concentration ratio (4FCR) or the Herfindahl-Hirschman Index (HHI) might suggest. Localized markets More competitive Regulations and restrictions on trade Answer Bank Interindustry trade Less competitive International trade in the good or service

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Identify the situations that could make an industry More or Less competitive than the four-firm concentration ratio (4FCR) or the
Herfindahl-Hirschman
Index (HHI) might suggest.
Localized markets
More competitive
Regulations and restrictions on trade
Answer Bank
Interindustry trade
Less competitive
International trade in the good or service
Transcribed Image Text:Identify the situations that could make an industry More or Less competitive than the four-firm concentration ratio (4FCR) or the Herfindahl-Hirschman Index (HHI) might suggest. Localized markets More competitive Regulations and restrictions on trade Answer Bank Interindustry trade Less competitive International trade in the good or service
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