One major problem with concentration ratios is that they fail to take into account:
A. The localized market for products
B. Excess capacity in production
C. Price leadership
D. Mutual interdependence
A. The localized market for products
You might also like to view...
Economic profit is
A) revenue - variable costs + fixed costs. B) revenue + variable costs - fixed costs. C) revenue - variable costs - fixed costs. D) revenue/cost of capital.
The relationship between a change in the price of a complementary good and demand for another complementary good is
A) positive.
B) negative.
C) inconclusive.
D) zero.
A low concentration ratio would most likely indicate that the industry resembles the behavior of a(n)
A. cartel. B. monopolistic competitor. C. monopoly. D. oligopoly.
________ real GDP increases the demand for money and ________ the nominal interest rate decreases the quantity of money demanded
A) Increasing; increasing B) Increasing; decreasing C) Decreasing; increasing D) Decreasing; decreasing