What is the reason for concentration of industries in some parts of world only
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Answer:
Some industries are more concentrated than others because of technical properties of their production technologies or unique characteristics of the markets they serve.
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Explanation:
- Why does industrial concentration matter In a market economy high concentration is usually indicative of lack of competition, with direct implications for prices, profits and economic welfare. Further, in the long run, absence of competition may affect the technological dynamism of firms.
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