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When the following substance is treated with Br2/FeBr3,the major product is obtained in good yield,and only very small amounts of minor products are found.What is this major product and why are the minor products not formed to any significant degree? Explain clearly.
Concentration Ratio
A measure used in economics to assess the extent of market control by the top firms in an industry.
Oligopolies
A market structure characterized by a small number of large firms that dominate the market, often leading to limited competition and higher prices.
Collusion
An agreement, often illegal, between firms to limit competition by fixing prices, dividing markets, or coordinating production.
Concentration Ratio
A measure of the total output produced in an industry by a given number of firms, usually the largest in the industry, indicating the degree of market concentration.
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