Which Among the Following Is the Strongest Determinant of an Industry's

question 49

Multiple Choice

Which among the following is the strongest determinant of an industry's technological progressiveness?

• A) The scientific character of its industry and the number of technological opportunities available.
• B) The size of the industry concentration ratio;the lower the ratio,the greater the firm's technological progressiveness.
• C) The Herfindahl index in the firm's industry;the higher the index value,the greater the firm's technological progressiveness.
• D) The amount of retained earnings in the industry.

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Definitions:

Price of Mustard

The amount of money required to purchase mustard, a condiment made from the seeds of the mustard plant, which can fluctuate based on factors like production costs and market demand.

Equilibrium Price

The cost at which the amount of a product sought by buyers matches the amount provided by sellers, achieving equilibrium in the market.

Demand for

The desire and willingness of consumers to purchase a specific quantity of goods or services at a given price over a particular period.

Mustard Recall

A situation where mustard products are withdrawn from the market due to safety concerns like contamination or mislabeling.