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Author Question: Suppose an industry is made up of 25 firms, all with equal market share. The four-firm concentration ... (Read 97 times)

JMatthes

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Suppose an industry is made up of 25 firms, all with equal market share. The four-firm concentration ratio of this industry is
 
  A) 16.
  B) 20.
  C) 25.
  D) It cannot be determined from the information given.

Question 2

Which of the following is an example of a worker experiencing frictional unemployment?
 
  A) A computer programmer loses her job because it is outsourced to India.
  B) An employee is laid off because the economy is suffering a recession.
  C) A worker quits his job at the Post Office to find more interesting work.
  D) A United Airlines pilot loses her job because of lack of demand for air travel.


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dawsa925

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