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Author Question: Suppose an industry has total sales of 25 million per year. The two largest firms have sales of 6 ... (Read 168 times)

Cooldude101

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on: Jun 29, 2018
Suppose an industry has total sales of 25 million per year. The two largest firms have sales of 6 million each, the third largest firm has sales of 2 million, and the fourth largest firm has sales of 1 million.
 
  The four-firm concentration ratio for this industry is A) 36 percent.
  B) 60 percent.
  C) 50 percent.
  D) 25 percent.

Question 2

Frictional unemployment will always exist since
 
  A) some workers will always want to make a job transition.
  B) the capitalist system promotes unemployment.
  C) mismatches in skills will always exist.
  D) the U.S. economy will continue to shrink.


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lolol

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Cooldude101

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Reply 2 on: Jun 29, 2018
Excellent

dreamfighter72

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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