In what ways would a firm acquire dominance of a market?

List ways in which a firm would acquire dominance of a market.

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(i) By initiating mergers with and takeovers of other similar firms to increase the size of the firm.

(ii) By lobbying the government to get exclusive rights to produce a particular product.

(iii) By increasing the scale of operation.

(iv) By acquiring the ownership of a source of a raw material.

(v) By acquiring control over market channels.

(vi) Acquiring ownership of production right/ patent/ copyright.

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maurice.mutuku answered the question on July 18, 2017 at 12:30

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