A Way to Measure the Degree of Concentration in Oligopoly

question 181

Multiple Choice

A way to measure the degree of concentration in oligopoly is to use:

• A) an elasticity ratio.
• B) a demand ratio.
• C) a ratio that reports the percentage of output accounted for by the largest firms in the industry.
• D) the ratio of MC to ATC.

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Definitions:

Coordination Problems

Challenges that arise in ensuring that the tasks and activities of different individuals or departments within an organization are aligned and effectively integrated.

Mutual Adjustment

A coordination mechanism where parties continuously adapt and negotiate their work and behavior with each other in order to achieve a common goal.

Liaison Roles

Positions or duties in which an individual acts as a link to facilitate communication and coordination between different parts of an organization or between organizations.

Integrators

Organizational members permanently assigned to facilitate coordination between departments.