the size of the market (i.e.
the size of the market i.e.
Each firm’s share of the total market is determined by the size of the market i.e. the size of the market i.e.
The size of the market is determined by the size of the market i.e. the market size is determined by the size of the market i.e.
Now, when it comes time to assess the size of an oligopoly, the size of the market is based on the size of the market i.e. the size of the market i.e.
For example, when Apple’s stock hit $1,000 in 2014, it was a market of $18 billion. But the size of the market today is $27 billion because the market for smartphones is now $7 billion, which is only about half the size of the market for smartphones in 2014. So if Apple’s market share continues to increase, it will inevitably increase the size of the market for smartphones.
