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.

---

Definitions:

Attributes

Qualities, characteristics, or properties that are considered inherent to or characteristic of someone or something.

Associations

The mental connections or relations between ideas, feelings, sensations, or memories.

Learned Helplessness

A condition in which an individual learns to feel helpless and passive in the face of aversive situations, due to a history of uncontrollable events.

Situational

Referring to or determined by environmental circumstances or conditions, often used in contexts discussing behavior or performance.