If a market is narrowly defined, the market share of each firm ...

[Arii_bell]

If a market is narrowly defined, the market share of each firm declines than if it is broadly defined.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A household consists of only related family members like a father, mother, and children and not unrelated members like two students sharing a rented apartment.
 a. True
  b. False
  Indicate whether the statement is true or false

[cascooper22]

Answer to Question 1

False

Answer to Question 2

False