An Industry with a Concentration Ratio of 100 Would Have

question 93

Short Answer

An industry with a concentration ratio of 100 would have ___________ firms.

---

Definitions:

Differences

Variations or distinctions between two or more entities, items, or concepts.

National Labor Relations Act

A foundational statute in United States labor law that guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions, salaries, and other aspects of workers' compensation and rights.

Independent Contractors

Individuals who provide services to another entity under terms specified in a contract or within a freelance agreement, not considered employees of the company.