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In the United States more than 50 firms produce textiles, but only 3 produce automobiles. This statistic shows that government antimonopoly policy has been applied more harshly to the textile industry than to the automobile industry." Can you give an alternative explanation for the difference in the number of firms in the two industries?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M961396

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