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:

Confidentiality

The ethical and legal obligation to protect individuals' private information from unauthorized access, use, or disclosure.

Justice

The moral principle of fairness and the administration of the law, ensuring that individuals receive what they are due.

Judgment

The capacity to reach thoughtful decisions or arrive at logical conclusions.

Autonomy

The right or condition of self-government, in personal decision-making, implying the capacity to make an informed, uncoerced decision.