​Match the Term or Concept to the Correct Description

question 52

Short Answer

​Match the term or concept to the correct description.
-​gas emitted from burning fuels, such as wood or oil
A)​greenhouse effect
B)​carbon dioxide
C)​global climate change
D)​fossil fuels

• A)​greenhouse effect
• B)​carbon dioxide
• C)​global climate change
• D)​fossil fuels

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Definitions:

Herfindahl Index

A measure of market concentration that is used to determine the amount of competition among firms within an industry.

Import Competition

The competition between domestic products and foreign products in a domestic market, affecting local industries.

Herfindahl Index

A measure of the concentration of industries or markets, calculated as the sum of the squares of the market shares of the largest firms, used to assess the extent of competition.

Concentration Ratios

measures that indicate the extent to which a small number of firms dominate the sales, output, or capacity in a particular market.