What is the four-firm concentration ratio if the four largest firms in an industry account for 5 percent, 6 percent, 7 percent, and 8 percent of total revenue?
A) 26 percent
B) 174 percent
C) 1,680
D) There is enough information given to answer the question, but none of the answers above are correct.
E) There is not enough information given to answer the question.
A
Economics
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Suppose the demand curve is perfectly inelastic and the supply curve is upward sloping. The price sellers receive after a specific tax is imposed on sellers
A) is less than before the tax. B) is higher than before the tax. C) is unchanged. D) depends on the supply elasticity.
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The federal regulatory agency whose mission is to regulate workplace health and safety is the
A) AFL-CIO. B) FTC. C) OSHA. D) SEC.
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