If the Four-Firm Concentration Ratio of an Industry Is

question 22

Multiple Choice

If the four-firm concentration ratio of an industry is

• A) near 100, the industry is considered very competitive.
• B) less than 40, the industry is considered an oligopoly.
• C) over 40, the industry is considered monopolistic competition.
• D) less than 40, the industry is considered monopolistic competition.
• E) close to 0, the industry is considered a monopoly.