Abstract
It has often been stated that the absolute size of a firm is irrelevant to the question of competition and that there is no or little connection between the aggregate level of concentration and the level of concentration in individual markets; and while concentration ratios within particular industries are accepted as conventional indicators of market power, the use of measures of over-all concentration has been viewed with suspicion. Over-all (or aggregate) concentration is defined as being the proportion of some aggregate of economic activity accounted for by a relatively small number of the largest firms taken together.
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References
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© 1977 Alexis P. Jacquemin and Henry W. de Jong
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Jacquemin, A.P., De Jong, H.W. (1977). Over-all Concentration, Conglomerate Bigness and the Largest European Corporations. In: European Industrial Organisation. Problems of Economic Integration. Palgrave, London. https://doi.org/10.1007/978-1-349-86167-5_3
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DOI: https://doi.org/10.1007/978-1-349-86167-5_3
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