-A Market Is Said to Be Concentrated When

Multiple Choice

-A market is said to be concentrated when:

A) the degree of competition in the market increases.
B) many firms supply to a small number of consumers.
C) the firms producing identical goods are clustered in a particular location.
D) a firm or a few firms are able to dictate the competitive conditions in a market.
E) there is a huge immigration of workers from neighboring areas.