Which of the Following Is Not a Shortcoming of the Concentration

question 91

Multiple Choice

Which of the following is not a shortcoming of the concentration ratio as a measure of the extent of competition in an industry?

• A)Concentration ratios do not include sales in Canada by foreign firms.
• B)Concentration ratios are calculated for the national market, even though the competition in some industries is mainly local.
• C)Concentration ratios assign weights to only the four largest firms in an industry.
• D)Concentration ratios do not address the fact that competition sometimes exists between firms in different industries.

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Definitions:

Pathogens

Microorganisms or agents, such as bacteria, viruses, fungi, or parasites, that cause disease.

Sympathetic Nervous System

The branch of the autonomic nervous system that is most active during processes that spend body energy from stored reserves, such as in a fight-or-flight reaction to a predator or when you are anxious about a big test.

Adrenal Medulla

The inner part of the adrenal gland that produces adrenaline and noradrenaline, hormones involved in the body's fight-or-flight response.

Parasympathetic Nervous System

The branch of the autonomic nervous system that is most active during processes that restore reserves of energy to the body, such as relaxing and eating.