Suppose That There Are Two Industries, a and B

question 61

Multiple Choice

Suppose that there are two industries, A and B.There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively.There are 4-firms in industry B with equal sales of $2.5 million for each firm.The four-firm concentration ratio for industry B is:

• A)0.9.
• B)1.0.
• C)0.8.
• D)0.7.

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Definitions:

Foreign Policy

The strategies and decisions made by a country's government regarding its relations and interactions with other countries, influencing its diplomatic, economic, and military actions abroad.

Shays' Rebellion

A series of protests in 1786 and 1787 by American farmers against state and local enforcement of tax collections and judgments for debt.

Whiskey Rebellion

The Whiskey Rebellion was an uprising in the early 1790s by farmers in western Pennsylvania protesting against a federal tax on whiskey, challenging the new U.S. government's authority.

Government's Response

Government's response involves actions taken by a governmental body to address specific issues, crises, or situations affecting its jurisdiction.