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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