Assume that an industry is significantly affected by import competition from foreign suppliers. Taking this factor into account, it would mean that:
A. The Heyerdahl index would be significantly higher in that industry because there are more firms in the industry
B. The industry is less concentrated than suggested by domestic concentration ratios
C. There is a high degree of inter industry competition
D. There is a low degree of inter industry competition
B. The industry is less concentrated than suggested by domestic concentration ratios
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Which of the following is NOT directly related to human capital?
A) a summer internship B) an MRI machine C) an understanding of real estate markets D) a college education E) knowledge of computer programing
Government spending ________ is included in gross domestic product
A) at the federal level of government only B) at state and local levels of government only C) at federal, state, and local levels of government D) on defense goods only