An Industry with a Concentration Ratio of 100 Would Have

question 70

Multiple Choice

An industry with a concentration ratio of 100 would have no more than ___ firm(s) .

• A)1
• B)2
• C)3
• D)4

Understand the concept of deadweight loss and how taxes contribute to it.

Analyze the impact of taxes on market size and participant behavior.

Understand the difference in the economic effects of taxes imposed on buyers versus sellers.

Learn the relationship between elasticity of demand/supply and the deadweight loss from taxation.