Oligopolies and Monopolistic Competetion
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There have been several mergers of large firms within oligipolies. Assess the impact of those mergers, on industry, on consumers and society as a whole.
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Oligopolies and Monopolistic Competition
There have been several mergers of large firms within oligipolies. Assess the impact of those mergers, on industry, on consumers and society as a whole.
There are several impacts of these merges on industry. These firms collude to set prices. This harms the industry as well as consumers. The consumers are victims because they pay higher prices and in many cases for poor quality products. The industry becomes less competitive and smaller firms find it difficult to compete with large giants. The ...
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