If the Four-Firm Concentration Ratio for the Market for Diapers

question 98

Multiple Choice

If the four-firm concentration ratio for the market for diapers is 73 percent,then this industry is best characterized as

• A) a monopoly.
• B) monopolistic competition.
• C) an oligopoly.
• D) perfect competition.
• E) either a monopoly or monopolistic competition.

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