The Value of the Four-Firm Concentration Ratio That Many Economists

question 204

Multiple Choice

The value of the four-firm concentration ratio that many economists consider indicative of the existence of an oligopoly in a particular industry is

• A)anything greater than 10 percent.
• B)anything greater than 20 percent.
• C)anything greater than 30 percent.
• D)anything greater than 40 percent.

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Definitions:

Advocate

To speak, write, or act in favor of a cause, policy, or person, often publicly.

Resent

To feel bitterness or indignation due to perceived unfairness or offense.

Golden Rule

An ethical principle that suggests treating others as one would like to be treated oneself.

Ethical Problems

Issues or situations that involve conflicts between moral imperatives, requiring individuals to make a moral judgment.