Exhibit 1-1 -In Exhibit 1-1,point C Represents

question 21

Multiple Choice

Exhibit 1-1
-In Exhibit 1-1,point c represents

• A)x = 30,y = 60
• B)x = 60,y = 30
• C)c = 90
• D)x + y = 60
• E)x + y = 30

---

Definitions:

Collusion

The practice of firms to negotiate price and/or market share decisions that limit competition in a market.

Concentration Ratios

Concentration ratios are measures that indicate the extent of market control by the largest firms within an industry, reflecting the degree of market competition.

High Concentration

A situation in a market where a small number of firms hold a large market share, often leading to reduced competition.

Herfindahl-Hirschman Index

A measure used to evaluate the level of competition within an industry, calculated by squaring the market share of each firm within the industry and then summing the resulting numbers.