An Industry Is Composed of 20 Firms, All with Equal

question 22

Multiple Choice

An industry is composed of 20 firms, all with equal sales. The eight-firm concentration ratio in this industry is

• A)0.40.
• B)0.32.
• C)2.00.
• D)This cannot be determined from the information given.

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Definitions:

Proton

A subatomic particle found in the nucleus of an atom, carrying a positive electrical charge.

Atom

The smallest part of an element that contains all the properties of that element.

Current Flows

Current flows refer to the movement of electric charge carriers, such as electrons, through a conductor or circuit, driven by a voltage difference.

Direction

In electrical and electronic contexts, direction can refer to the path in which current flows or the orientation of a magnetic or electric field.