The First Primates That Were Similar to Modern Monkeys Appeared

question 23

Multiple Choice

The first primates that were similar to modern monkeys appeared

• A) at Fayum in Egypt.
• B) during the Paleocene.
• C) about 5 million years ago.
• D) at the same time as the dinosaurs.

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Definitions:

Four-Firm Concentration Ratio

The percentage of total industry sales accounted for by the top four firms in an industry.

Total Sales

The overall amount of revenue generated from the sale of goods or services by a company within a specified period, before any deductions for returns or discounts.

Monopolistically Competitive

Describes a market structure where many companies sell products that are similar but not identical, leading to non-price competition.

National Concentration Ratio

A measure that reflects the total market share held by the largest firms within an industry, indicating the level of market concentration and competition.