An industry with a high concentration ratio might still be competitive if
A) there are no close substitutes for its product.
B) its barriers to entry are low.
C) its production is geographically concentrated.
D) it has a high ratio of value added to sales.
B
Economics
You might also like to view...
A firm that sells goods to foreign countries on a regular basis can avoid exchange-rate risk by
A) buying stock options. B) selling puts on financial futures. C) using a foreign exchange swap. D) buying swaptions.
Economics
An economist claims that "the evidence suggests that high rates of inflation are associated with slow long-term economic growth." This is an example of
a. positive economics b. normative economics c. negative economics d. a simplifying assumption e. microeconomic analysis
Economics