Which of the Following Is Correct

question 188

Multiple Choice

Which of the following is correct?

• A) Monopoly has a four-firm concentration ratio of 100.
• B) Perfect competition has a four-firm concentration ratio near zero.
• C) Monopolistic competition has a four-firm concentration ratio of more than 40.
• D) Both answers A and B are correct.
• E) Both answers A and C are correct.

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Definitions:

Xenophobic

Having an intense or irrational dislike or fear of people from other countries.

Tobacco Use

The act of consuming tobacco products, such as cigarettes, cigars, or chewing tobacco, which poses significant health risks.

Water-Soluble

Capable of dissolving in water, a property of many vitamins and minerals that affects how they are absorbed and used in the body.

Carcinogens

Substances or exposures that are directly involved in causing cancer.