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BCC_MIC... Search (Alt+0) ut References Mailings Review View Help A Aam AaBbCcDc AaBbCcDc AaBbCc AaBbCcCA A- D A 1 Normal 1 No Spac.. Heading 1 Heading 2 T Paragraph Styles ST . . . 6 Which of the following provides the best evidence that economies of scale exist? A) The per-unit costs on Excel Publishing Company's manuals fell following a large order from the government. B) Alpha-Beta Inc. raised its price 10 percent following a 5 percent increase in production costs. C) Widget Manufacturing doubled its production by opening a new plant that was identical to its old plant. D) The XYZ Co. increased production 25 percent following a 30 percent increase in all inputs. 4. Each firm in a perfectly competitive industry follows the: A) profit motive. C) output of other firms B) pricing decisions of other firms. D) reactions of competitors An industry with a four-firm concentration ratio of 94 is most likely A) perfectly competitive. C) monopolistically competitive. B) a pure monopoly. D) oligopolistic. An industry with thousands of sellers selling differentiated products and a four-firm concentration ratio of 12 is most likely: Accessibility: Investigate Focus 187 72 F Partly sunX X A - D - A 1 Normal I No Spac.. Heading 1 Heading 2 Title Font Paragraph Styles .2. 7 6 An industry with thousands of sellers selling differentiated products and a four-firm concentration ratio of 12 is most likely: A) perfectly competitive. C) monopolistically competitive. B) a pure monopoly. D) oligopolistic. 7.. A four-firm concentration ratio of 60 would mean that: A) the four largest firms in the industry account for 40 percent of industry output. B) the four largest firms in the industry account for 60 percent of industry output. C) the industry is monopolized. D) there are only 60 firms in the industry. Text Predictions: On 7% Accessibility: Investigate Focus O 37 W 74 F Partly sunny op f9. 10 . 1I $11 DDI f12 144 prt sc % & 4 5 6 8 O R T Y U O PBCC_MIC... Search (All +0) References Mailings Review View Help A Aa~ AaBbCcDc AaBbCcDc I - A = Normal 1 No Spac.. Paragraph 1 5 A four-firm concentration ratio of 60 would mean that: A) the four largest firms in the industry account for 40 percent of industry B) the four largest firms in the industry account for 60 percent of industry C) the industry is monopolized. D) there are only 60 firms in the industry. 8.. The higher the concentration ratio in a given industry: A) the closer the industry is to a perfectly competitive market structure. B) the larger the market shares of the smallest four firms in the industry C) the larger the market shares of the largest four firms in the industry D) the smaller the market shares of the largest four firms in the industry 19. Consider the following airlines and their market share American 27% United 27% Delta 26%%ayout References Mailings Review A A Aa~ A FE AL AaBbCcDC AaBbCcDc A- D A ~ = 1 Normal 1 No Spac... Paragraph D) simplify government economic planning. QUESTION 4 Under feudalism, A) markets rather than the government made the central economic decision B) tradition determined who produced what C) governments let the market decide what to produce. D) governments distributed the rights to produce. QUESTION 5: In a feudalist society, in comparison with mercantilis A) the price mechanism determined what was produced. Ex Accessibility: InvestigateDraw Design Layout References Mailings Review View Help Times New Roma ~ 11 -A A Aa AaBbCcDc AaBbCcD