A Concentration Ratio Is Used to

question 34

Multiple Choice

A concentration ratio is used to

• A) determine whether a market structure is oligopoly.
• B) determine the importance of labor in the production process.
• C) determine the degree of homogeneity in the market.
• D) see if a firm qualifies for federal assistance.

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Definitions:

Atoms

The basic units of matter, consisting of a nucleus surrounded by electrons.

Nitrogen

A colorless, odorless, nonmetallic element that makes up about 78% of the Earth's atmosphere and is a constituent of all living tissues.

Calcium Chloride

A salt compound often used for ice melting, dust control, and as a desiccant because of its ability to absorb moisture.

Formula

A representation of the composition of molecules and compounds using symbols for the elements.