Market concentration
What Market concentration means in Economics A-Level, as defined for AQA.
Definitions of Market concentration
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Reference: AQA
One factor on which the degree of monopoly power varies, alongside the availability of close substitutes and the height of entry barriers.
A situation where a few large firms dominate the industry, usually measured by a high n-firm concentration ratio.
Topics that use Market concentration
- Monopoly and monopoly power (AQA A-Level)
- Oligopoly (AQA A-Level)
Related terms
- Monopoly power
- Product differentiation
- Allocative inefficiency
- Barriers to entry
- Cartel
- Cartels
- Collusion
- Concentration ratio
Using Market concentration in the exam
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