Which of the Following Is Correct

question 188

Multiple Choice

Which of the following is correct?

• A) Monopoly has a four-firm concentration ratio of 100.
• B) Perfect competition has a four-firm concentration ratio near zero.
• C) Monopolistic competition has a four-firm concentration ratio of more than 40.
• D) Both answers A and B are correct.
• E) Both answers A and C are correct.

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Definitions:

Sales Promotions

Marketing activities that aim to boost sales and attract customers by offering limited-time incentives.

Trade Advertising

Advertising undertaken by the manufacturer and directed toward the wholesaler or retailer.

Recycled Plastic

Plastic material that has been collected, processed, and reformed into new products, reducing the need for virgin raw materials and minimizing environmental impact.

Retail Supermarkets

Large stores offering a wide variety of goods, primarily food and everyday essentials, in a self-service format.