Multiple Choice
The four-firm concentration ratio for an industry is
A) the number of firms in the industry, divided by four.
B) the share of industry output sold by the four largest firms in the industry.
C) the percentage of total industry profits claimed by the four largest firms.
D) the share of industry output sold by the fourth largest firm in the industry.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: One reason regulators push for higher prices
Q48: The antitrust laws are enforced by government
Q49: Microsoft is accused of which anticompetitive practice?<br>A)Interlocking
Q50: When it is cheaper for one firm
Q51: A home appliances supplier offers substantial discounts
Q53: Following deregulation in the airline industry,<br>A)small carriers
Q54: The Clayton Act prohibits "all contracts, combinations
Q55: Regulatory agencies always protect consumers by forcing
Q56: Major firms charged with predatory pricing defend
Q57: As an apparent result of airline deregulation,<br>A)many