An Industry Is Comprised of 25 Firms, Each with an Equal

question 11

Multiple Choice

An industry is comprised of 25 firms, each with an equal market share.What is the 4-firm concentration ratio of this industry?

• A)0.12.
• B)0.16.
• C)0.20.
• D)0.25.

---

Definitions:

Price Maker

A firm or entity that has significant control over the price of the goods or services it provides, due to lack of competition.

Big Data

Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Price Discriminate

A pricing strategy where identical or substantially similar goods or services are sold at different prices to different customers.

Personalized Pricing

A pricing strategy where prices are set for individual customers based on their perceived willingness to pay, often using data analytics.