Market concentration definitions

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Market concentration

Market concentration logo #21000 In economics, market concentration is a function of the number of firms and their respective shares of the total production (alternatively, total capacity or total reserves) in a market. Alternative terms are Industry concentration and Seller concentration. Market concentration is related to industrial concentration, which concerns the distributio...
Found on http://en.wikipedia.org/wiki/Market_concentration

Market concentration

Market concentration logo #20140The extent to which the sale of a product is dominated by the largest firms in the industry.
Found on http://www.encyclo.co.uk/local/20140
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