The Higher the Concentration Ratio in a Given Industry, The

question 65

Multiple Choice

The higher the concentration ratio in a given industry, the:

• A) closer the industry is to a perfectly competitive market structure.
• B) larger the market shares of the smallest four firms in the industry.
• C) closer the industry is to an oligopolistic or monopolistic type of market structure.
• D) smaller the market shares of the largest four firms in the industry.

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Definitions:

Ancient Cetacean

Refers to the early, now-extinct members of the order Cetacea, which includes whales, dolphins, and porpoises.

Modern Cetacean

Refers to contemporary species of whales, dolphins, and porpoises that are members of the order Cetacea, adapted to life in the aquatic environment.

Pandemic Strain

A variant of a microorganism, such as a virus or bacterium, that causes disease outbreaks on a global scale.

Mixed Strains

In microbiology and virology, referring to infections or cultures that contain two or more genetic variants of the same pathogen.