In General, the Higher the Concentration Ratio in an Industry

question 151

Multiple Choice

In general, the higher the concentration ratio in an industry, the:

• A) greater the ratio of MC to ATC.
• B) lower the ratio of MC to ATC.
• C) less firms need to pay attention to individual rivals.
• D) more firms need to pay attention to individual rivals.

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Definitions:

Operational Definition

A statement of the procedures (operations) used to define research variables. For example, human intelligence may be operationally defined as “what an intelligence test measures.”

Research Variable

An element or factor within a study that can be changed and manipulated, or measured and evaluated to determine its effects on the outcome of the study.

Case-Study Evidence

consists of detailed examinations of individuals or groups from a real-world context, often used in psychology and sociology to explore complex issues.

Operational Definitions

Specific explanations of abstract concepts or variables in terms of the procedures or operations by which they are measured or manipulated.