Multiple Choice
Which of the following events would increase the four-firm concentration ratio in a milk industry with six firms?
A) The two largest milk producers merge.
B) The largest milk producer buys an ice cream-making plant.
C) The largest milk producer lures customers away from the second largest producer.
D) The four largest milk producers collusively fix prices.
Correct Answer:

Verified
Correct Answer:
Verified
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