The four-firm concentration ratio measures the:
A. percentage of total output in a market produced by the four largest firms.
B. elasticity of demand of the four largest firms in an industry.
C. average cost of the four largest firms in an industry.
D. number of firms in an industry.
Answer: A
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Checkable deposits are funds immediately available from all of the following EXCEPT
A. banks. B. savings and loans. C. credit card companies. D. savings banks.
If the Federal Reserve raises its target inflation rate, the monetary policy reaction function ________ and the aggregate demand curve ________.
A. shifts upward to the left; shifts to the right B. shifts downward to the right; shifts to the left C. shifts upward to the left; shifts to the left D. shifts downward to the right; shifts to the right
An industry with a large number of small firms producing a standardized product in a market with easy entry and exit of firms is:
What will be an ideal response?
The era of the trust was
A. the late 19th century. B. 1910-1920. C. 1920-1930. D. 1930-1940.