One Problem with Measures of Market Concentrations Is That They

question 155

Multiple Choice

One problem with measures of market concentrations is that they do not

• A) account for barriers to entry.
• B) allow for all market types.
• C) account for the difficulty in collecting total revenue data.
• D) create meaningful comparisons across industries.
• E) accurately measure concentration in markets with fewer than 4 firms.

---

Definitions:

Written Agreement

A legally binding contract documented in written form between two or more parties.

Sole Benefit

Refers to a financial or legal benefit intended exclusively for an individual or specific party.

Bailee

An individual or entity given temporary possession but not ownership of personal property by a bailor.

Bailed Property

Property given into the custody of another, termed the bailee, for a specific purpose under a contract.