In an unbalanced oligopoly,
a. one firm has significantly greater market power than any other in the industry
b. only one firm exists in the industry
c. the industry is rapidly converging into a monopolistically competitive industry
d. all firms have near-equal market share
e. the four-firm concentration ratio exceeds 100 percent
A
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A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases
Liquidity risk is
a. The chance that you will not be able to get a drink when you need one. b. The chance that financial assets cannot be sold quickly and without substantial loss of value or a company cannot gain sufficient access to cash. c. The chance of a change in the market value of a security due to changes in macroeconomic variables, such as interest rates or exchange rates. d. The risk that credit cannot be expanded by the banking system due to a central bank regulation. e. The chance that borrowers will be unable or unwilling to repay their debts.