Use the above table. If firms 3 and 4 merge, the four-firm concentration ratio will
A. increase from 60 percent to 75 percent.
B. decrease from 75 percent to 60 percent.
C. increase from 75 percent to 80 percent.
D. not change.
Answer: C
You might also like to view...
The development of a strain of wheat that will yield two crops per year rather than one crop per year is an example of economic growth resulting from
A) increased gross investment. B) technological progress. C) an increase in per capita real income. D) capital accumulation.
Which of the following are mentioned as forces of the new growth theory that influence economic growth? I. Technology II. Research III. Innovations
A) I only B) I and II only C) I and III only D) II and III only E) I, II, and III
The average fixed cost curve always has a negative slope because:
a. marginal costs are below average fixed costs. b. average variable costs exceed marginal costs. c. total fixed costs always decrease. d. total fixed costs do not change as output increases.
Backloaded compensation encourages
A) employee turnover. B) employee rollover. C) principals to be agents. D) employees to stay with the firm.