The four-firm concentration ratio for an industry is
a. the number of firms in the industry, divided by four.
b. the share of industry output sold by the four largest firms in the industry.
c. the percentage of total industry profits claimed by the four largest firms.
d. the share of industry output sold by the fourth largest firm in the industry.
b
Economics
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Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. The base year is 2012. Real GDP in 2012 is equal to
A) $800. B) $640. C) $625. D) $500. E) $200.
Economics
What is the difference between marginal and average tax rates? Under what marginal and average tax rate conditions would an income tax be progressive?
What will be an ideal response?
Economics