Concentration Ratios Tend to Overstate the Power of Some Corporations

question 102

Multiple Choice

Concentration ratios tend to overstate the power of some corporations to influence economic outcomes because they measure output

• A) For single firms rather than markets.
• B) For the whole United States, which is too large a geographic market for some firms or industries.
• C) Only for domestic production when the true market boundaries are international for some markets.
• D) Over many industries rather than a single market.

---

Definitions:

Metabolic Pathway

A series of chemical reactions occurring within a cell that leads to the transformation of one substance into another.

Intermediate Products

Goods that are used in the production process to make other goods, not intended for final consumption.

Metabolism

The set of life-sustaining chemical reactions in organisms to convert food into energy, build molecules, and eliminate waste products.

Protein Molecules

Large biomolecules composed of one or more chains of amino acids that perform a vast array of functions within organisms.