A high concentration ratio indicates that
A) the industry is highly profitable.
B) the industry is highly competitive.
C) many firms produce most of the output in an industry.
D) few firms produce most of the output in an industry.
Correct Answer:
Verified
Q152: Which of the following has not contributed
Q153: The Herfindahl index is a measure of
A)profitability
Q154: Interindustry competition refers to the fact that
A)oligopolistic
Q155: A low concentration ratio means that
A)there is
Q156: The high concentration ratio for the aluminum
Q158: Which cannot be a characteristic of an
Q159: An oligopolistic firm tends to have less
Q160: One major problem with four-firm concentration ratios
Q161: Q162: 
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents