Author Question: If an industry is monopolized by one firm, the four-firm concentration ratio equals A) 1 percent. ... (Read 82 times)

lunatika · **on:** Jun 29, 2018

If an industry is monopolized by one firm, the four-firm concentration ratio equals

A) 1 percent.
B) 25 percent.
C) 40 percent.
D) 100 percent.

Question 2

Bubba's BBQ has fallen on some hard times. Bubba has analyzed his past revenue and cost information and knows that if he shuts down, he will incur an economic loss equal to 20,000 in remaining lease payments.

Apparently, Bubba's current planning horizon is A) the short run because he still faces some fixed costs.
B) the long run because he faces only variable costs.
C) the short run because he faces only variable costs.
D) neither the short run nor the long run because lease payments do not figure into cost determinations.