Use the Table Below to Answer the Following Questions

question 23

Multiple Choice

Use the table below to answer the following questions.
Table 13.1.1
-Refer to Table 13.1.1.The four-firm concentration ratio for the pizza sellers is

• A)40 percent.
• B)100 percent.
• C)80 percent.
• D)33 percent.
• E)12.5 percent.

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Definitions:

Opportunity Cost

Overlooking potential benefits from competing options when one is ultimately selected.

High Inflation

A situation of rapidly increasing prices in an economy, reducing purchasing power over time.

High Unemployment

refers to a situation where a substantially higher percentage of the workforce is not engaged in employment, suggesting economic distress.

Inflation

The swell in the general price range for goods and services, shrinking the buying power of consumers.