For Industry A, its 1-firm, 2-firm, 4-firm and 8-firm concentration ratios are the same. Based on this, we can conclude that Industry A is

Name: For Industry A, its 1-firm, 2-firm, 4-firm and 8-firm concentration ratios are the same. Based on this, we can conclude that Industry A is
Brand: Quizplus
Rating: 4.8 (65 reviews)

Question

Quizplus · Accepted Answer

If the 1-firm, 2-firm, 4-firm, and 8-firm concentration ratios are the same, it indicates that one firm dominates the market entirely, which is characteristic of a pure monopoly.

For Industry A, Its 1-Firm, 2-Firm, 4-Firm and 8-Firm Concentration