As a general rule,oligopoly exists when the four-firm concentration ratio:
A) exceeds the Herfindahl index.
B) is less than the Herfindahl index.
C) is 40 percent or more.
D) is 15 percent or more.
Correct Answer:
Verified
Q21: Interindustry competition means that
A) in oligopolistic industries,
Q23: An industry having a four-firm concentration ratio
Q26: The four-firm sales concentration ratio for an
Q27: Suppose that total sales in an industry
Q28: If an industry evolves from monopolistic competition
Q30: The Herfindahl index for a pure monopolist
Q31: Clear-cut mutual interdependence with respect to the
Q36: If the four-firm concentration ratio in an
Q38: Concentration ratios may be inaccurate indicators of
Q88: Assume six firms comprising an industry have
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents