Refer to the Table Shown A)perfectly Competitive

question 136

Multiple Choice

Refer to the table shown. Using the four-firm concentration ratio, the tire industry is best categorized as: $$\begin{array} { | c | c | c | } \hline \text { Industry } & \begin{array} { c } \text { Number of } \\\text { sellers }\end{array} & \begin{array} { c } \text { \% of shipments accuunted far by the } 4 \\\text { larget comnanies }\end{array} \\\hline \text { Tires } & 15 & 95 \\\hline \begin{array} { c } \text { Upholstered } \\\text { furniture }\end{array} & 2,000 & 15 \\\hline\end{array}$$

• A)perfectly competitive.
• B)a pure monopoly.
• C)monopolistically competitive.
• D)oligopolistic.

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Definitions:

Authenticity Deficit

The gap between how genuine or authentic a brand claims to be and how consumers actually perceive its authenticity.

Consistency

The quality of achieving a level of performance or appearance that does not vary greatly in quality over time.

Kodak Case

Refers to the study of Kodak's downfall as it failed to adapt to digital photography, illustrating the importance of innovation and adaptability in maintaining brand relevance.