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Uploaded by
DrLanWan
Course
BUSN2022
Pages
2
Subject
Economics
Rating
100% 4

Question

Question 1

a. Explain what industrial concentration is.

b. Discuss reasons why high levels of concentration may be a good thing for the economy.

c. What are the arguments against high levels of concentration?

Question 2

Please advise the NSW Government as to whether they should go ahead or not, with the privatization. Justifying your advice with reasons.

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Solution Preview

Industrial concentration is the degree of monopoly power or lack of competition in a certain industry. More precisely it occurs when a small number of companies sell a large percentage of an industry's product. The most widely used measure of concentration is the so-called four-firm concentration ratio, which is the percentage of the industry's product sold

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