Using the Concentration Ratio to Measure the Degree of Competition

question 1

Multiple Choice

Using the concentration ratio to measure the degree of competition

• A) may understate the degree of competition because it ignores imported goods.
• B) may overstate the degree of competition because it ignores imported goods.
• C) may overstate the degree of competition because inter-industry competition is ignored.
• D) may understate the degree of competition because market share changes annually.

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Definitions:

Stimulus

Any event or situation that evokes a response from an organism.

Rote Repetition

A memorization technique based on the repeated reading or recitation of material.

State-dependent Memory

State-dependent memory is the phenomenon where information learned in a particular state of mind (e.g., emotional or physical) is more easily recalled when in the same state.

Emotional State

A complex experience of consciousness, bodily sensation, and behavior that reflects the personal significance of a thing, an event, or a state of affairs.