A Way to Measure the Degree of Concentration in Oligopoly

question 181

Multiple Choice

A way to measure the degree of concentration in oligopoly is to use:

• A) an elasticity ratio.
• B) a demand ratio.
• C) a ratio that reports the percentage of output accounted for by the largest firms in the industry.
• D) the ratio of MC to ATC.

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Definitions:

Intermediary

An entity or service that acts as a mediator or link between two parties, often facilitating transactions or communications between them.

Synchronize

The process of ensuring that files, data, or systems are identical across multiple devices or platforms, maintaining consistency.

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Static IP

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