Other Things Remaining the Same, the Concentration Ratio in an Industry

question 73

Multiple Choice

Other things remaining the same, the concentration ratio in an industry will increase if:

• A) new firms enter the industry.
• B) some firms leave the industry.
• C) the largest firms are broken up into smaller firms.
• D) the industry's output increases.

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Definitions:

Proposal

A plan or suggestion, especially a formal or written one, put forward for consideration or discussion by others.

Organization's Experience

The cumulative knowledge, skills, and expertise acquired by an organization through its operations and activities over time.

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