There are three firms in an industry. If a fourth firm enters, the concentration ratio will. a)

Question:

There are three firms in an industry. If a fourth firm enters, the concentration ratio will.

a) go up

b) go down

c) remain the same.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Mar 01, 2024 11:00 PM

See More Questions

There are three firms in an economy: A, B, and C. Firm A buys $250 worth of goods from firm B and $200 worth of goods from firm C, and produces 200 units of output, which it sells at $5 per unit....
A nucleus whose mass is 3.772516 x 10-25 kg undergoes spontaneous alpha decay. The original nucleus disappears and there appear two new particles: a He-4 nucleus of mass 6.640678 x 10 27 kg (an alpha...
Knight & Taylor are siblings who came to Australia from Germany for starting their business. They started the business with $500,000. They partnered with indigenous communities and small farmers to...
Jarvis Company produces a product that has a selling price of $20.00 and a variable cost of $15.00 per unit. The company's fixed costs are $50,000. What is the break-even point measured in sales...
You work in the long-run strategic planning group of a large automotive firm and are tasked with following the development of electric vehicles. Your firm has electric cars in development but has not...
Toxins that occur in certain mushrooms block oxidation in humans. Explain why ingesting the mushrooms leads to heart palpitations and severe hypoglycemia (low blood sugar).
What do the Schedule Performance Index and the Cost Performance Index demonstrate? How can a project manager use this information to estimate future project performance?
At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December...
which of the properties of coherence are satisfied by each of the following premium principles
An oligopoly is an industry with _____________________ .
A duopoly would have a concentration ratio of. a) 0 b) 50 c) 100 d) an indeterminate amount.
Why does a payee endorse a check before depositing it? a. It is the legal process by which the payee transfers ownership of the check to the bank. b. It is a form of identification verification. c....
Evaluate the following definite integrals as limit of sums: 1. (x (x-x)dx [(2x 2. (2x+5x)dx 3. (2x + +3x+1)dx
Evaluate as limit of sums Jr- 3+1dx 1
1. 3. Example: Evaluate the following definite integrals as limit of sums: e'dx fedx 2. Je dx 4.
Evaluate the following definite integrals as limit of sums: 1. 2 2. 5*x
Evaluate the following definite integrals as limit of sums: 1. sin sinxdx 2. 0 /4 cos.xdx 3. sin x dx 2/6
If a consumers income increases and if all goods are normal goods, explain how the quantity bought of each good changes.
Four GWU students have been selected to taste food sold by 3 different food trucks labeled as food truck A, B and C on H & 22nd Streets every Monday for 3-weeks. For each student, food trucks are...
Suppose Russia and Sweden each produce only paper and cars. Russia can produce 8 tons of paper or 4 million cars each year. Sweden can produce 25 tons of paper or 5 million cars each year. a. Draw...
Maya and Max are neighbors. Each grows lettuce and tomatoes in their gardens. Maya can grow 45 heads of lettuce or 9 pounds of tomatoes this summer. Max can grow 42 heads of lettuce or 6 pounds of...
Maya and Max are neighbors. Each grows lettuce and tomatoes in their gardens. Maya can grow 45 heads of lettuce or 9 pounds of tomatoes this summer. Max can grow 42 heads of lettuce or 6 pounds of...
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...

There are three firms in an industry. If a fourth firm enters, the concentration ratio will. a)

Question:

Step by Step Answer:

If a fourth firm enters the industry the concentration ratio will most likely a go up Heres why Conc...View the full answer

Microeconomics

Students also viewed these Business questions