Suppose an Industry Is Made Up of 25 Firms, All

question 100

Multiple Choice

Suppose an industry is made up of 25 firms, all with equal market share.The four-firm concentration ratio of this industry is

• A)16%.
• B)20%.
• C)25%.
• D)It cannot be determined from the information given.

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Definitions:

Government Activity

Actions undertaken by a government body in the execution of its duties and responsibilities.

Official Deviants

Individuals who have been formally labeled or recognized by societal or legal authorities as deviating from social norms or expectations.

Avoid Responsibility

The act of evading duties or obligations one is expected to fulfill.

Occupational Deviance

Behaviors by employees that violate workplace norms and policies, potentially harming the organization or coworkers.