It can be used to describe the supermarket industry in the United Kingdom, and is often described wi
It can be used to describe the supermarket industry in the United Kingdom, and is often described with the term "four-firm concentration," which expresses the market share of the four largest firms in an industry as a percentage, often over 40%. Derived from the Greek word for "few sellers," FTP, name this market form where the market is dominated by a small number of sellers.
It can be used to describe the supermarket industry in the United Kingdom, and is often described with the term "four-firm concentration," which expresses the market share of the four largest firms in an industry as a percentage, often over 40%.
{Oligopoly} (don’t accept oligopsony or monopoly)