As a General Rule, Oligopoly Exists When the Four-Firm Concentration

question 8

Multiple Choice

As a general rule, oligopoly exists when the four-firm concentration ratio

• A) equals the Herfindahl index.
• B) yields a Herfindahl index below 500.
• C) is 40 percent or more.
• D) is 50 percent or more.

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Definitions:

Oedipus Complex

A Freudian concept involving a child's unconscious sexual desire for the opposite-sex parent and jealousy towards the same-sex parent.

Sexually Attracted

The feeling of physical or emotional attraction towards another individual in a sexual manner.

Rivals

Rivals are individuals or entities that compete against each other, often striving for the same objective or resource.

Sons

Male offspring in relation to their parents.