In what industry structure is the interdependence of firms a key characteristica

Question

In what industry structure is the interdependence of firms a key characteristica perfect competition monopolistic competition oligopoly monopoly Save Question 60 (2 points) A concentration ratio indicates the number of firms in an industry. number of large firms in an industry compared to the number of large firms in another related industry. percentage of total sales accounted for by the (for example) four largest firms percentage of sellers in an industry relative to the number of buyers. percentage of sellers in an industry protected by barriers to entry relative to the number of sellers that wish to enter Save

Explanation / Answer

Answer:- In what industry structure is the interdependence of firms a key characteristic?

Correct Answer:- oligopoly

Reason;- Due to a limited number of producers, the interdependence of firms becomes a key characteristic in oligopoly.

Answer:- concentration ratio indicates the

Correct Answer:- percentage of total sales accounted for by the four largest firms

Reason:- Concentartion ratio is mainly used in oilgopoly to determine the sales percentage by the major firms.

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