The high concentration ratio for the aluminum industry understates the competition in that industry that comes from the copper industry. This is an example of
A) overt collusion.
B) covert collusion.
C) import competition.
D) interindustry competition.
Correct Answer:
Verified
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
Q155: A low concentration ratio means that
A)there is
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
Q161: 
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