The closer the industry concentration ratio is to 100, the more likely it is that
A. there are a reasonably large number of medium-sized firms.
B. this is an industry approaching perfect competition.
C. there is a small number of large firms.
D. price competition is being practiced.
C. there is a small number of large firms.
You might also like to view...
Prior to 2008, a bank might have borrowed reserves from another bank because:
A. banks never borrowed from the Fed. B. it kept its reserves too low and could not meet Fed requirements. C. borrowing reserves from other banks is the only way to gain access to reserves. D. it was in danger of becoming insolvent and collapsing.
The piecemeal actions of Parliament to curtail the various colonial manufacturing activities
a. stemmed from a deep-seated fear of American competition. b. were punitive, in response to colonial smuggling and price dumping. c. were a roundabout attempt to undermine the colonial shipbuilding industry. d. were largely taken to protect vested, well-lobbied interests.