Which Statement Is True

question 186

Multiple Choice

Which statement is true?

• A)Most oligopolies have only a few firms.
• B)The U.S.auto industry has a concentration ratio of 50 percent.
• C)Administered prices are most likely to occur under monopoly.
• D)In the U.S.today collusion is illegal but nevertheless still exists.

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Definitions:

Accounting

The systematic process of recording, analyzing, and interpreting financial information.