The Following Table Shows the Total Dollar Amount of Sales

question 131

Multiple Choice

The following table shows the total dollar amount of sales in 2012 for the four largest firms in the adhesive manufacturing industry.Total industry sales in 2012 were $782,000.Use this table to answer the following questions:

-If Glues R Us split into two separate companies,the concentration ratio would ________ and the market price of adhesive would likely ________.

• A) increase; fall
• B) increase; rise
• C) decrease; not change
• D) decrease; fall
• E) decrease; rise

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Definitions:

Social Discrimination

The unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Central Route

A method of persuasion that involves deeply processing the content of a message, focusing on logic and arguments.

Elaboration Likelihood Model

A theory explaining how people process persuasive information, either through deep, critical thinking (central route) or superficial cues (peripheral route).

Prejudice

A preconceived opinion or bias against an individual or group without sufficient information or experience.