Compared with the Relatively Expanded Power of National Governments in the Wake

question 63

True/False

Compared with the relatively expanded power of national governments in the wake of globalization, NGOs and other civil society stakeholders have lost the ability to affect firms and their management or to impact legislation.

---

Definitions:

Five-Firm Industry

A market structure characterized by the dominance of the top five firms, often used as a concentration ratio to measure market competitiveness.

Concentration Ratios

Metrics used to assess the level of market concentration and degree of competition within an industry by examining the market shares of the largest firms.

Degree of Monopoly

The extent to which a firm or a few firms control the market share of a particular product or service, indicating the level of market power.

Interindustry Competition

Competition among companies that produce different types of goods or services but compete for the same consumer dollars.