Which of these four-firm concentration ratios suggests that an oligopoly exists in an industry?
a. 5 percent
b. 25 percent
c. 50 percent
d. 95 percent
d. 95 percent
Economics
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An example of physical capital is: a. a $100 bill
b. a stock certificate. c. a chainsaw. d. a cheeseburger.
Economics
The CPI (using a 2000 base year) for 1965 is 26.0. Suppose a household's annual take-home pay in 1965 was $8,320. What would be an equivalent take-home pay in 2000?
A. $10,483. B. $21,632. C. $23,680. D. $32,000.
Economics