Table 1 shows the market shares of domestic energy suppliers in a regional economy in 2022.
Table 1
| Company | % share of market |
|---|---|
| Apex Energy | 38 |
| Beacon Power | 24 |
| Crown Gas | 18 |
| Other providers | 20 |
In 2023, Crown Gas experiences financial distress and exits the market completely.
The most likely result of this exit is that the
market environment becomes more competitive.
monopoly power of Apex Energy increases.
other providers' market share rises to exactly 38%.
two-firm concentration ratio remains at 62%.
