If an Industry Has a Four-Firm Concentration Ratio of 85

question 67

Multiple Choice

If an industry has a four-firm concentration ratio of 85 percent,this suggests that the industry:

• A)approximates perfect competition
• B)is monopolistically competitive
• C)is a monopoly
• D)is an oligopoly
• E)is either perfectly competitive or monopolistically competitive

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Equations used to describe relationships among different variables.

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A quantity that is larger than any specific, finite number, often found in mathematics to describe a limitless quantity.

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