Which of the following is not a shortcoming of the concentration ratio as a measure of the extent of competition in an industry?
A) Concentration ratios do not include sales in Canada by foreign firms.
B) Concentration ratios are calculated for the national market, even though the competition in some industries is mainly local.
C) Concentration ratios assign weights to only the four largest firms in an industry.
D) Concentration ratios do not address the fact that competition sometimes exists between firms in different industries.
Correct Answer:
Verified
Q1: Which of the following is the best
Q3: Figure 15-18 Q3: In an oligopoly market, Q7: A four-firm concentration ratio measures Q9: The Department Stores industry is highly concentrated.What Q10: An oligopolist's demand curve is Q14: If an industry is made up of Q17: The value of the four-firm concentration ratio Q18: Which of the following is not a Q20: A characteristic found only in oligopolies is
A)the pricing decisions of
A)the fraction of
A) identical to
A)break-even
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