Refer to the data. The four-firm concentration ratio for this industry is:
A. 90 percent.
B. 95 percent.
C. 100 percent.
D. indeterminate because we don't know which four firms are included.
B. 95 percent.
Economics
You might also like to view...
For a perfectly competitive firm
A) price is greater than marginal revenue. B) price equals marginal revenue. C) price is less than marginal revenue. D) there is no relationship between price and marginal revenue.
Economics
In the long-run, a monopolist charges the same price as a perfectly competitive firm
a. True b. False Indicate whether the statement is true or false
Economics