A ________ Is a Legal Sign That Indicates Ownership

question 21

Multiple Choice

A ________ is a legal sign that indicates ownership.

• A)trademark
• B)logo
• C)brand
• D)brand license
• E)brand position

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Definitions:

Oligopoly

A market structure in which a few firms dominate, and each one can significantly affect prices and other market factors.

Four-firm Concentration Ratio

An indicator of the extent to which the four largest firms dominate an industry, measured by their combined market share.

Herfindahl Index

A measure of market concentration, calculated by summing the squares of the market shares of all firms in the market.

Four-Firm Sales Concentration Ratio

A measure indicating the total market share of the four largest firms within an industry, used to assess the level of market competition.