Suppose an Industry Is Made Up of 25 Firms, All

question 100

Multiple Choice

Suppose an industry is made up of 25 firms, all with equal market share.The four-firm concentration ratio of this industry is

• A)16%.
• B)20%.
• C)25%.
• D)It cannot be determined from the information given.

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Definitions:

Medicalization

The process by which human conditions and problems come to be defined and treated as medical issues.

Demedicalization

The process by which a health condition or behavior is no longer classified as a medical disorder requiring treatment, often reflecting changes in social attitudes.

National Health System

A publicly funded healthcare system in which the government provides essential healthcare services to residents, often funded through taxation.

National Health Insurance

A government-sponsored insurance scheme intended to provide health coverage to citizens, typically funded through taxes.