Which is the most accurate statement?
A) A concentration ratio of 100 would mean that just one firm has 100% of that industry's sales.
B) No industry in the U.S.has a concentration ratio of 100.
C) Food services like McDonald's and Wendy's have a concentration ratio of less than 50.
D) The lower the concentration ratio,the higher the degree of oligopolization.
Correct Answer:
Verified
Q49: Q50: The largest firm in Industry J has Q51: Which statement is true? Q52: Q53: Statement I.The automobile industry is an oligopoly. Q55: At one end of the competitive spectrum Q56: As foreign imports become a greater percentage Q57: A concentration ratio of 100 would imply Q58: Corporate concentration can be measured by Q59: 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
A)The higher the concentration
Statement
A)only the
