Which of the following statements is true?
A) Concentration ratios take into account competition from substitute goods.
B) The four-firm concentration ratio is likely to be larger than the eight-firm concentration ratio.
C) There are assumed to be insignificant barriers to entry in the theory of oligopoly.
D) A designer label on a pair of jeans is a way of differentiating one seller's jeans from another seller's jeans.
Correct Answer:
Verified
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