Comparing the Percentage of Never-Married Teens That Have Had Intercourse

question 14

Multiple Choice

Comparing the percentage of never-married teens that have had intercourse in 1995 and 2011-2013 indicates that

• A) more teens than ever before are having intercourse.
• B) fewer males but more females are having intercourse.
• C) fewer teens are having intercourse.
• D) rates are similar when comparing 1995 and 2002 figures.

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Definitions:

Collusion

A non-competitive, secret agreement between rivals to limit competition, set prices, or control market shares.

Four-Firm Sales Concentration Ratio

The percentage of total industrial sales accounted for by the four largest firms within a specific market, used to measure the degree of market concentration.

Geographic Concentration

The phenomenon of economic activity or specific industries clustering in specific regions or areas.

X-Inefficiency

Occurs when a firm fails to utilize its resources efficiently, due to factors like lack of competitive pressure or managerial inefficiencies.