Which of the following is true about the concept of concentration? Group of answer choices The lower the degree of rivalry amongst the firms, the higher the concentration. The lower the number of firms in a market, the lower the concentration. All of the answers are correct. The higher the degree of rivalry amongst the firms, the lower the concentration

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Chapter13: best-practice Tactics: Game Theory
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Which of the following is true about the concept of concentration?
Group of answer choices

The lower the degree of rivalry amongst the firms, the higher the concentration.

The lower the number of firms in a market, the lower the concentration.

All of the answers are correct.

The higher the degree of rivalry amongst the firms, the lower the concentration

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