Based on the above table, which shows the firms and sales in an industry, what is the four-firm concentration ratio?
A) 55
B) 74
C) 100
D) $740 million
B
You might also like to view...
Tom is stranded on a deserted island where he can only consume coconuts and crabs. Two of his indifference curves are in the figure above
a) Would Tom prefer his consumption to be at point a or at point b? At point b or at point c? Explain your answers. b) Between points a and b, what is Tom's marginal rate of substitution for a crab?
An increase in unemployment insurance and other transfer payments may
A) increase the natural rate of unemployment. B) increase the number of discouraged workers. C) reduce the rate of inflation at every level of unemployment. D) lead to less unanticipated inflation.
Over time, GDP may increase as the result of either (i) expansion in the quantities of goods produced or (ii) higher prices. Which of the following is true?
a. (i) will generally increase living standards, but (ii) will not. b. (ii) will generally increase living standards, but (i) will not. c. Both (i) and (ii) will generally increase living standards. d. Neither (i) nor (ii) will generally increase living standards.
Which of the following examples would most likely result in a decrease in demand with no immediate effect on supply?
a. A study shows that a brand of soft drink causes cancer. b. A study shows that eating olives significantly reduces heart disease. c. A drought has a devastating effects on the corn crop. d. A factory fire reduces the production of motorcycles.