The distinguishing of products by brand name, color, and other ...

[krzymel]

The distinguishing of products by brand name, color, and other attributes
 
  A) is known as interdependence.
  B) is known as product differentiation.
  C) leads to many firms in the market.
  D) leads to collusion.

Question 2

Which of the following statements about concentration ratios is correct?
 
  A) A high concentration ratio indicates that the industry is a monopoly.
  B) A high concentration ratio indicates that the industry is monopolistically competitive.
  C) A high concentration ratio suggests that the industry is characterized by strategic independence.
  D) A high concentration ratio suggests that the industry is characterized by strategic dependence.

[ryrychapman11]

Answer to Question 1

B

Answer to Question 2

D

[krzymel]

YES! Correct, THANKS for helping me on my review

[tranoy]

Thanks for the timely response, appreciate it