Suppose an Industry Is Made Up of Four Firms, All

question 121

Multiple Choice

Suppose an industry is made up of four firms, all with equal sales. The four-firm concentration ratio of that industry is

• A)0.125.
• B)0.50.
• C)1.00.
• D)This cannot be determined without more information.

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Definitions:

Vector Organisms

Animals like mosquitoes, ticks, and birds that carry and spread pathogens (germs or other infectious agents) in a given area.

Pathogens

Microorganisms, such as bacteria, viruses, fungi, or parasites, that can cause disease or illness in their host.

Geographic Locations

Specific places or areas on Earth's surface identified by their physical and geographic characteristics.

Pandemic

An epidemic of an infectious disease that has spread across a large region, for instance multiple continents or worldwide, affecting a substantial number of people.