A low concentration ratio means that
A) there is a low probability of entering the industry.
B) there is a low probability of success in the industry.
C) each firm accounts for a small market share of the industry.
D) each firm accounts for a large market share of the industry.
Correct Answer:
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Q150: The Herfindahl index for an industry is
Q151: Which statement about oligopoly is false?
A)Oligopolistic firms
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
Q156: The high concentration ratio for the aluminum
Q157: A high concentration ratio indicates that
A)the industry
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
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