Question
Assume, an industry is made up of 7 firms with sales of $22 mil, $12 mil, $16 mil, $36 mil, $24 mil, $46 mil, and
Assume, an industry is made up of 7 firms with sales of $22 mil, $12 mil, $16 mil, $36 mil, $24 mil, $46 mil, and $44mil. If the top two firms combined to form a single firm, then
The fourfirm concentration ratio is 68% and the industry is Oligopoly
The fourfirm concentration ratio is 100% and the industry is perfect competition
The fourfirm concentration ratio is 36% and the industry is Monopolistic competition
The fourfirm concentration ratio is 86% and the industry is Oligopoly
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
