Rational ignorance says that voters will
A) understand the technology before voting on defense.
B) vote on issues without having complete information.
C) gather information on issues that are not important.
D) not vote on issues that they do not understand.
Question 2
The table above lists the market shares of the twenty makers of personal computers. The four-firm concentration ratio tells us that
A) the four largest firms have 20 percent of the market.
B) there are no barriers to entry in this market.
C) the firms sell differentiated products.
D) all firms sell identical products.
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