If the four-firm concentration ratio in an industry increases, the industry
A)must have become more competitive.
B)must have become a monopoly.
C)must have become less competitive, although not necessarily a monopoly.
D)may or may not have become less competitive.

Question

Quizplus · Accepted Answer

The Answer of If the four-firm concentration ratio in an industry increases, the industry
A)must have become more competitive.
B)must have become a monopoly.
C)must have become less competitive, although not necessarily a monopoly.
D)may or may not have become less competitive.

If the Four-Firm Concentration Ratio in an Industry Increases, the Industry