The higher the concentration ratio is in an industry, the more likely it is that
A) the industry is perfectly competitive.
B) the market share of the smallest four firms is larger.
C) the market share of the largest four firms is smaller.
D) the industry has an oligopoly.
D
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The economic way of thinking claims there are substitutes for
A) any good. B) most goods except non-renewable resources. C) most goods except clean air and clean water. D) most goods except wetlands and tropical rain forests.
If nominal GDP rose by 10 percent and the price index increased from 100 to 105 in a given year, real GDP: a. rose by 15 percent
b. rose by roughly 9.5 percent. c. rose by 5 percent. d. fell by 5 percent.
B. all depository institutions, that is, all commercial banks and thrift institutions
A. corporate bonds. B. Treasury bills, Treasury notes, and Treasury bonds. C. common stock. D. certificates of deposit.
An economy's capital stock is increased when individuals and institutions use savings to increase capital investment in stocks and bonds
Indicate whether the statement is true or false