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Consolidation · ⁨整合⁩

Handout Watch lesson · ⁨观看课程⁩

More production is different from more concentrated control

  • A firm can raise output through marketing and coordination. A merger can concentrate ownership even without an immediate output increase.
  • Industrial development and consolidation are related outcomes but distinct claims. Evidence about output does not by itself show who controls the firms.
More production is different from more concentrated control

Handout

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IGCSE, A-Level · ⁨IGCSE、A-Level⁩ & AP · ⁨与 AP⁩