An industry is comprised of 20 firms, each with an equal market share.What is the 4-firm concentration ratio of this industry?
A) 0.2.
B) 0.4.
C) 0.6.
D) 0.8.
Correct Answer:
Verified
Q1: In perfect competition, which is not true?
A)Every
Q2: Which of the following is used to
Q2: A firm's average cost is $20,and it
Q3: Monopolistic competition is characterized by:
A)heterogenous products.
B)employing labor
Q4: Which of the following is not one
Q5: An unregulated industry has a Lerner index
Q6: An industry is comprised of ten (10)
Q10: Which of the following kinds of market
Q11: When economies of scale are large, firms
Q12: A Herfindahl index of 0 suggests:
A) monopoly.
B)
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