The Number of Sellers in a Market Is Considered to Be

question 186

Multiple Choice

The number of sellers in a market is considered to be large when

• A)the total exceeds 100
• B)no single buyer can affect the price through his or her demand for the product
• C)they cannot be easily counted
• D)no single seller can affect the price by changing its level of output
• E)no seller controls more than 20 percent of the total market supply

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Definitions:

Vertical Mergers

A type of merger between companies in the same industry but at different stages of production or distribution processes.

Conglomerate Mergers

The combination of firms operating in unrelated business areas, aiming to diversify product offerings or reduce risk.

HHI

The Herfindahl-Hirschman Index, a measure of market concentration used to evaluate the potential for competitive behavior within an industry.

Beer Industry

A sector of the economy that focuses on producing and selling beer.