Concentration Ratios

question 201

Multiple Choice

Concentration ratios

• A) refer to the concentration of customers in a certain area.
• B) measure whether the market is dominated by a small number of firms.
• C) measure the concentration of a large number of firms in a certain area.
• D) have high values for perfect competition.
• E) measure how concentrated a firm's sales are among certain types of goods.

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Definitions:

Epipelagic

The upper layer of the ocean where there is enough sunlight for photosynthesis, typically down to about 200 meters.

Supports Life

Refers to conditions or environments that sustain and promote the growth and sustenance of living organisms.

Leeward Side

The side of an object or geographic formation that is sheltered from the prevailing wind.

Mountain Range

A series of connected mountains, typically aligned in a linear pattern, formed by various geological processes like tectonic plate movement.