In the above table, what is the four-firm concentration ratio for the Gadgets industry?
A) 25 percent
B) 40 percent
C) 250 percent
D) 1,000 percent
B
You might also like to view...
In general, which of the following do NOT tend to increase trade between two countries?
A) linguistic and/or cultural affinity B) historical ties C) larger economies D) mutual membership in preferential trade agreements E) the existence of well controlled borders between countries
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Considering both country's production possibilities frontiers, we know that would both agree to terms of trade of one truck to:
A. eight cars. B. two cars. C. six cars. D. four cars.
Which of the following is a test of the statistical significance of a particular regression coefficient?
A) t-test B) R2 C) F-test D) Durbin-Watson test
In long-run equilibrium in a monopolistically competitive industry, a firm will
A) always earn an economic profit. B) produce an output rate at which P = MC. C) produce at a point to the left of the minimum point on its average total cost curve. D) have a perfectly elastic demand curve.