When the four-firm concentration ratio in a market is high: A. the four biggest

Question

When the four-firm concentration ratio in a market is high: A. the four biggest firms are National Monopolists. B. economies of scale are likely to be significant C. Each of the four largest firms produces a highly differentiated product. D. Only the four largest firms produces a highly differentiated product. E. None of the above.
When the four-firm concentration ratio in a market is high: A. the four biggest firms are National Monopolists. B. economies of scale are likely to be significant C. Each of the four largest firms produces a highly differentiated product. D. Only the four largest firms produces a highly differentiated product. E. None of the above.
When the four-firm concentration ratio in a market is high: A. the four biggest firms are National Monopolists. B. economies of scale are likely to be significant C. Each of the four largest firms produces a highly differentiated product. D. Only the four largest firms produces a highly differentiated product. E. None of the above.

Explanation / Answer

Answer:-

When the four-firm concentration ratio in a market is high:

B. economies of scale are likely to be significant

Reason:- Economies of scale will be significant for the industries having greater concentration ratio.

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