The concentration ratio of an industry is a measure that captures the share of the industry's total output that is produced by its four largest firms.
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Q11: Microsoft has been accused of violating an
Q12: All large firms have monopoly power.
Q13: It is easy to discern the difference
Q14: Monopoly pricing reduces consumer surplus.
Q15: A concentration ratio provides a better assessment
Q17: Highly concentrated markets have a large number
Q18: Market power allows firms to raise prices
Q19: The antitrust laws are enforced by government
Q20: Firms that coordinate economic activities to reduce
Q21: The Sherman Act was the first established
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