If a Product Such as Cement or Bricks Is Costly

question 65

Multiple Choice

If a product such as cement or bricks is costly to ship and, therefore, markets are very localized, the national concentration ratio for that industry

• A) will be greater than 50 percent.
• B) may understate the degree of monopoly.
• C) may overstate the degree of monopoly.
• D) will yield an accurate impression of the degree of monopoly.

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Definitions:

Poverty

The state of having insufficient financial resources to meet basic living expenses, such as food, clothing, and housing.

Incest

Sexual relations between people classified as being too closely related to marry each other, considered a taboo and illegal in many societies.

Stepfathers

Male figures who are married to one's parent after the dissolution of the biological parents' marriage, not biologically related to the child.

Sexual Lives

An aspect of human existence that entails sexual preferences, activities, orientation, and relationships.