If an Industry Is Made Up of Five Identical Firms

question 69

Multiple Choice

If an industry is made up of five identical firms, the four-firm concentration ratio is

• A)5%.
• B)20%.
• C)80%.
• D)100%.

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Definitions:

Organization Chart

A visual diagram that represents the structure of an organization, depicting the roles, responsibilities, and relationships between individuals within it.

Higher Level

Pertains to a more advanced or complex stage, position, or category, often implying greater importance or significance.

Informal Networks

The unofficial and often unseen interactions and relationships that exist within an organization, facilitating the flow of information and influence.

Emotional Support

Assistance provided through empathy, concern, encouragement, and companionship to help someone cope with stress, challenges, or emotional distress.