A Given Industry, Z, Is Such That the 1-Firm, 2-Firm

question 126

Multiple Choice

A given industry, Z, is such that the 1-firm, 2-firm, 4-firm and 8-firm concentration ratios are the same. Based on this, we can conclude that Industry Z is

• A) pure competition.
• B) monopolistic competition.
• C) oligopoly.
• D) pure monopoly.

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