If the Number Two and Number Three Firms in an Industry

question 115

Multiple Choice

If the number two and number three firms in an industry with 10 firms merge,what happens to that industry's concentration ratio?

• A)It rises
• B)It falls
• C)It remains the same
• D)There is not enough information to determine whether it rises,falls,or remains the same.

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Definitions:

Ethical Principle

Guiding standards of conduct that help determine what is good or right in moral terms.

Justice

The principle of fairness where individuals receive what they are due, often applied in legal and ethical contexts.

American Psychological Association

A professional organization representing psychology in the United States, known for its publication standards and ethical guidelines in research.

First Authorship

The position attributed to the primary contributor of a multi-authored research paper, indicating the person who has made the most significant contribution to the work.