The term "industry concentration":
A) refers to the degree of product differentiation in an industry.
B) is a measure of how many firms produce the total output of an industry.
C) refers to how capital or labor intensive a particular industry is.
D) is a measure of how many customers purchase the total output of an industry.
B
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Normally, whenever the central bank lowers the rate it charges banks for overnight loans market rates of interest:
a. are not affected. b. fall at the same rate. c. increase. d. are unstable.
Refer to Scenario 1 . If you start the course in such a way that each exam score is worse than your previous average what should happen to your average score?
What would happen to your average if the next exam score was larger than your previous exam score? Explain.