The concentration ratio is defined as the:
A. percentage of total industry output produced by the top firms.
B. squared value of the market shares of all the firms in an industry.
C. percentage of industry output produced by a specific firm.
D. squared value of the market shares of the largest four firms in the industry.
Answer: A
You might also like to view...
Suppose that an economy is initially producing at the full-employment level of output. Now suppose there is a reduction in the money supply. Other things being equal we can expect
A) demand-side inflation. B) supply-side inflation. C) deflation. D) cost-pull inflation.
Bubba's Hula Shack bar and bistro has begun giving customers who can show proof that they arrived at the establishment by public transportation a 10 percent discount on their total bill. This is an example of
A) two-part tariff pricing. B) odd pricing. C) arbitrage. D) price discrimination.