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Which of the Following Statements Is True

Question 18

Multiple Choice

Which of the following statements is true?


A) Concentration ratios take into account competition from substitute goods.
B) The four-firm concentration ratio is likely to be larger than the eight-firm concentration ratio.
C) There are assumed to be insignificant barriers to entry in the theory of oligopoly.
D) A designer label on a pair of jeans is a way of differentiating one seller's jeans from another seller's jeans.
E) all the above

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