A High Concentration Ratio Is the Only Way to Achieve

question 72

True/False

A high concentration ratio is the only way to achieve market power.

---

Definitions:

Simplify

The process of reducing an expression or equation to its most basic form.

Division

One of the four basic operations in arithmetic, division calculates how many times a number (dividend) can be contained within another number (divisor).

Simplify

To reduce a complex expression to its simplest form by performing all possible operations and combining like terms.

Average

A statistical measure representing the central or typical value in a set of data, calculated usually as the sum of the values divided by the number of values.