Asked by
James Maxwell
on Oct 12, 2024
Verified
Which statement is true?
A) The higher the concentration ratio,the higher the degree of oligopolization.
B) The lower the concentration ratio,the higher the degree of oligopolization.
C) The concentration ratio remains constant as the degree of oligopolization rises.
D) There is no relationship between the concentration ratio and the degree of oligopolization.
Concentration Ratio
A measurement used in economics to assess the extent of market share controlled by the top firms within an industry.
Oligopolization
The process by which a market or industry comes to be dominated by a small number of firms, leading to reduced competition.
- Differentiate among various market forms, with a concentration on the attributes of oligopolies.
- Assess the influence of market share allocation on the concentration of markets and the intensity of competition.
Verified Answer
TI
Learning Objectives
- Differentiate among various market forms, with a concentration on the attributes of oligopolies.
- Assess the influence of market share allocation on the concentration of markets and the intensity of competition.