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Author Question: As a measure of competition in an industry, concentration ratios have several flaws. One of these ... (Read 237 times)

809779

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on: Jun 29, 2018
As a measure of competition in an industry, concentration ratios have several flaws. One of these flaws is that concentration ratios
 
  A) are calculated for the national market, even though competition in some industries is mainly local.
  B) assume that all industries have low barriers to entry.
  C) assume that a ratio less than 40 percent means an industry is perfectly competitive.
  D) assume there are only four firms in an industry.

Question 2

The increase in consumption of a good when its price falls is caused by two effects. What are these two effects? Explain the difference between these effects.
 
  What will be an ideal response?
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Perkypinki

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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809779

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

amynguyen1221

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Reply 3 on: Yesterday
Excellent

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