An Industry Is Composed of 10 Firms, All with Equal

question 59

Multiple Choice

An industry is composed of 10 firms, all with equal sales. The four-firm concentration ratio in this industry is

• A)0.40.
• B)0.80.
• C)10.00.
• D)There is not enough information provided to answer this question.

---

Definitions:

Scale Distortion

The alteration of the size, proportion, or dimensions of an object or representation in a way that deviates from accuracy.

Clustered Bar Chart

A type of bar graph that displays categorical data with bars grouped together in clusters, typically used for comparison.

Variables

Elements, features, or factors that are likely to change or vary within the context of an experiment, study, or situation.

Titles

The names given to books, works of art, musical compositions, and other creations to identify and often to summarize them.