Which of the Following Events Would Increase the Four-Firm Concentration

question 12

Multiple Choice

Which of the following events would increase the four-firm concentration ratio in a milk industry with six firms?

• A)The two largest milk producers merge.
• B)The largest milk producer buys an ice cream-making plant.
• C)The largest milk producer lures customers away from the second largest producer.
• D)The four largest milk producers collusively fix prices.

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Definitions:

Drying Cycle

A phase in the operation of a dryer or similar appliance where moisture is removed from items, typically using heated air.

Proper Temperature

The ideal or required temperature for a specific process, environment, or to preserve a material's integrity.

Sterilization Indicator

A device or chemical used to verify the efficacy of sterilization processes, such as autoclaving, by changing color or form.

Muslin

A lightweight, finely woven cotton fabric used for making clothes, curtains, and other items.