In a 20-Firm Industry, Two of the Smallest Firms Merge

question 124

Multiple Choice

In a 20-firm industry, two of the smallest firms merge. Yet the 4-firm concentration ratio and the 8-firm concentration ratio did not change. All things considered, we can say that the industry has

• A) moved closer to pure competition because the number of firms decreased.
• B) moved farther away from competition because the number of firms decreased.
• C) experienced no change in competition even though the number of firms decreased.
• D) to be identified first; otherwise there is no way to tell.

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Definitions:

Polymorphic Virus

Malware that can alter its codebase and appearance to evade detection by security defenses, a tactic that makes it highly resilient to traditional antivirus methods.

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Debit Card

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DoS Attack

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