Other Things Remaining the Same, the Concentration Ratio in an Industry

question 73

Multiple Choice

Other things remaining the same, the concentration ratio in an industry will increase if:

• A) new firms enter the industry.
• B) some firms leave the industry.
• C) the largest firms are broken up into smaller firms.
• D) the industry's output increases.

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Definitions:

Convergent Evolution

The process by which unrelated or distantly related organisms evolve similar body forms, coloration, organs, or adaptations, often due to similar environmental pressures.

Lepidodendron

An extinct genus of tree-like plants from the Carboniferous period, often referred to as "scale trees".

Oak-Yew Clade

A group within the Plantae kingdom that includes both the oak and yew families, representing an evolutionary lineage.

Anthropoids

A group of primates that includes monkeys, apes, and humans, characterized by larger brains and more complex behavior compared to other primates.