The four-firm concentration ratio is the percentage of the ________ accounted for by ________ in an industry
A) normal profit; any four firms
B) value of sales; the four largest firms
C) economic profit; any four firms
D) economic profit; the four largest firms
B
Economics
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Comparative advantage in production of the good measured on the horizontal axis is identified with a straight-line production possibilities frontier that has a slope that is
A. positive. B. larger in magnitude (or absolute value) and positive. C. larger in magnitude (or absolute value). D. smaller in magnitude (or absolute value).
Economics
Refer to the accompanying table. Pat's opportunity cost of delivering a pizza is making: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 3/2 of a pizza. B. 2/3 of a pizza. C. 12 pizzas. D. 10 pizzas.
Economics