An Industry with a Concentration Ratio of 50 Would Have

question 16

Multiple Choice

An industry with a concentration ratio of 50 would have at least _____ firms.

• A)4
• B)5
• C)8
• D)14

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Definitions:

Total

Referring to the complete amount or sum of parts.

Relative Frequency

In statistics, relative frequency refers to the ratio of the number of times a particular event occurs to the total number of events observed.

Lemonade Stand

A small, often temporary stand or business where lemonade is sold, typically run by children or as a simple small-scale business model.

Legislation

Laws that have been enacted by a governing body or the process of making or enacting laws.