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Author Question: A high four-firm concentration ratio implies A) an absence of product differentiation. B) a ... (Read 101 times)

kfurse

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on: Jun 29, 2018
A high four-firm concentration ratio implies
 
  A) an absence of product differentiation.
  B) a presence of product differentiation.
  C) an absence of competition.
  D) a presence of competition.

Question 2

The figure above shows the market for umbrellas in Sunville. Suppose the quantity of umbrellas currently traded in Sunville is 199 per day. If one more umbrella is sold, the total surplus in Sunville will
 
  A) decrease by 26.67.
  B) increase by 26.67.
  C) increase by 50.00.
  D) not change.


bookworm410

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

C

Answer to Question 2

B


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