Explain difference in number of firms in two industries, Microeconomics

Explain difference in number of firms in two industries

In the United States more than 50 firms produce textiles, but only 3 produce automobiles. This statistic shows that government antimonopoly policy has been applied more harshly to the textile industry than to the automobile industry." Can you give an alternative explanation for the difference in the number of firms in the two industries?

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Microeconomics: Explain difference in number of firms in two industries

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Microeconomics: Explain difference in number of firms in two industries

Reference No:- TGS061396

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Compute the annual depreciation on the new equipment

Q : Calculate the expected total cost of carpet

Q : Total demand for money

Q : Compare and contrast egypt and mesopotamia

Q : Explain difference in number of firms in two industries

Q : Technical level of potential output

Q : Calculation for the selling price for each bond

Q : What is the connection between the poem''s form or literary d

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Explain difference in number of firms in two industries

Reference No:- TGS061396

Recent Questions Asked Microeconomics

Q : Compute the annual depreciation on the new equipment

Q : Calculate the expected total cost of carpet

Q : Total demand for money

Q : Compare and contrast egypt and mesopotamia

Q : Explain difference in number of firms in two industries

Q : Technical level of potential output

Q : Calculation for the selling price for each bond

Q : What is the connection between the poem''s form or literary d

Q : The dean of a large business school

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