Which of the following statements pertains to the four-firm concentration ratio? I. It is the percentage of the value of sales accounted for by the four largest firms in an industry. II
A high concentration ratio is indicative of a high degree of competition. III. The ratio is used to measure product differentiation. A) I only
B) I, II only
C) I, III only
D) I, II, and III
A
Economics
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If AD1 shifts to AD2, the full multiplier effect would be an increase in real GDP from:
Refer to the figure above.
A. Q1 to Q2
B. Q1 to Q3
C. Q2 to Q3
D. Q2 to more than Q3
Economics
Answer the question based on the following list of items that are related to aggregate demand and/or aggregate supply.
Refer to the list above. Changes in which combination of factors best explain why the aggregate supply curve would shift?
A. 1 and 2
B. 2 and 10
C. 3 and 6
D. 7 and 8
Economics