Which of the Following Statements Is True About Concentrated Industries

question 50

Multiple Choice

Which of the following statements is true about concentrated industries?

• A)These industries have few competitors and rivalry is less intense.
• B)Smaller competitors usually respond aggressively to actions taken by large firms.
• C)Few large competitors are aware of each other's presence and therefore more likely to create conflict.
• D)If firms are approximately the same size, they tend to be able to respond, or retaliate, strongly to moves by rival firms.

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Definitions:

Anticlines

Upwardly convex folds in sedimentary layers of rock, which can form oil and gas reservoirs.

Unconnected Pores

Pore spaces in sedimentary rocks or soils that do not interconnect, significantly affecting fluid flow and storage capacity.

Yucca Mountain

Yucca Mountain in Nevada, USA, is a site that was proposed for the storage of radioactive waste, known for its geological stability and remote location.

Chernobyl

The site of a catastrophic nuclear accident in 1986, located in Ukraine, resulting in widespread environmental and health impacts.