Which of the Following Statements About Concentration Ratios Is Correct

question 198

Multiple Choice

Which of the following statements about concentration ratios is correct?

• A) A high concentration ratio indicates that the industry is a monopoly.
• B) A high concentration ratio indicates that the industry is monopolistically competitive.
• C) A high concentration ratio suggests that the industry is characterized by strategic independence.
• D) A high concentration ratio suggests that the industry is characterized by strategic dependence.

---

Definitions:

Exposures

Contact with potentially harmful physical, chemical, or biological agents, either inadvertently or in a controlled manner for scientific study.

Malpractice

A failure by a professional to provide services with the competently expected level of skill or care, resulting in harm or injury to a person.

Bad Practice

Actions or behaviors, especially in professional settings, that are considered incorrect, unethical, or detrimental to clients or the profession itself.

Medical Treatment

The management and care of a patient to combat disease or disorder, including the administration of medication, surgery, therapy, or other corrective measures.