Why do industries like electricity or cable TV have just one or two major firms while other industries like restaurants or clothes have hundreds or thousands? What might be a general difference that leads to some industries having many firms while others are dominated by just one or two?”
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1
Answer:
because they are different
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Answer:
Because in electrical Industries investment is very high as it goes in billions . so , many companies invest in a single manufacturing units . and about small Industries like cloth industry the user consumption is higher because are cheaper and are even in the reach of lower middle class families.
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