A concentration ratio is the ratio of
a. market share to the number of firms in an industry
b. total sales to the number of firms in an industry
c. large firms to small firms in an industry
d. total sales of the leading firms to total sales in the industry
e. total profits of the leading firms to total profits in the industry
D
You might also like to view...
If a product becomes more popular and consumers want more produced, which of the following best describes what happens to move more factors of production into that industry?
A) An agency of the Federal government directs the movement of factors. B) The chief executive officers or presidents of corporations require that factors leave one industry and move to the other industry. C) Factor owners voluntarily move their factors because they want to satisfy the interests of consumers. D) Wages, rent, interest, and profit increase in that industry, thereby giving factors the incentive to move to that industry. E) Consumers increase their demand for the products and, as a result, the taxes the producers must pay decrease enabling the producers to hire more factors of production.
An increase in the monetary base that goes into currency is ________, while an increase that goes into deposits is ________
A) multiplied; multiplied B) not multiplied; multiplied C) multiplied; not multiplied D) not multiplied; not multiplied