Using the concentration ratio to measure the degree of competition
A) may understate the degree of competition because it ignores imported goods.
B) may overstate the degree of competition because it ignores imported goods.
C) may overstate the degree of competition because inter-industry competition is ignored.
D) may understate the degree of competition because market share changes annually.
Answer: A
You might also like to view...
Which of the following statements is FALSE?
A) Total income is always greater than total output. B) In the circular flow model, households sell factor services to businesses in return for factor payments. C) Businesses sell goods and services to households who use their income to pay for them. D) The value of total income is equal in value to total output because profit is a cost of production.
Which of the following best represents total saving?
A) T - (G + TR) B) (Y - TR) + I C) (Y - C - G - NX) D) (Y + TR - T) + C
A shortage will occur if:
A. the quantity being supplied at a given price is less than the quantity demanded at that price. B. the quantity being supplied at a given price exceeds the quantity demanded at that price. C. there are not enough buyers in the market. D. there are only inexperienced firms in the market.
The procedure used to calculate the present value of future income is called
a. indirect production. b. investment tax shelter planning. c. discounting. d. amortizing.