Which statement is false?
A) A monopoly would have a concentration ratio of 100.
B) An industry that is highly concentrated would have a Herfindahl-Hirschman index of 100.
C) Imports have made the automobile industry's concentration ratio much less relevant.
D) Japanese companies assemble about four out of every 10 new cars in the United States.
Correct Answer:
Verified
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Q105: Which company was involved in price leadership?
A)General
Q106: Which statement is false?
A)All oligopolies have only
Q107: Which statement is true?
A)Most oligopolies have only
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A)An
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A)when
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