The lower the concentration ratio, the
a. more control an individual firm has to set prices.
b. more competitive the industry.
c. less competitive the industry.
d. Both a and c are correct.
b
Economics
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When net capital outflow is negative, it means that on net the value of domestic assets purchased by foreigners exceeds the value of foreign assets purchased by domestic residents
a. True b. False Indicate whether the statement is true or false
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The government would be running a budget surplus if:
A. Government spending is lower than consumer spending B. Tax revenues are less than government spending C. It imports less from abroad than it exports D. Government spends less than it collects in taxes
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