The value of the four - firm concentration ratio that many economists consider i
ID: 1187557 • Letter: T
Question
The value of the four -firm concentration ratio that many
economists consider indicative of the existence of an
oligopoly in a particular industry is TF1:607-13
anything greater than 10 percent.
anything greater than 20 percent.
anything greater than 30 percent.
anything greater than 40 percent.
Compared to a monopolistic competitor, a monopolist faces
a more elastic demand curve.
a more inelastic demand curve.
a more elastic demand curve at higher prices and a more inelastic demand curve at lower
prices.
a demand curve that has a price elasticity coefficient of zero.
If a firm charges different consumers different prices
for the same product and the difference cannot be
attributed to cost variations, then it is engaging in
odd pricing.
cost-plus pricing.
price discrimination.
markup pricing.
anything greater than 10 percent.
B.anything greater than 20 percent.
C.anything greater than 30 percent.
D.anything greater than 40 percent.
Compared to a monopolistic competitor, a monopolist faces
Answer A.a more elastic demand curve.
B.a more inelastic demand curve.
C.a more elastic demand curve at higher prices and a more inelastic demand curve at lower
prices.
D.a demand curve that has a price elasticity coefficient of zero.
If a firm charges different consumers different prices
for the same product and the difference cannot be
attributed to cost variations, then it is engaging in
A.
odd pricing.
B.cost-plus pricing.
C.price discrimination.
D.markup pricing.
Explanation / Answer
anything greater than 20 percent.
2>
a more elastic demand curve at higher prices and a more inelastic demand curve at lower
prices.
3>
price discrimination
1> B.anything greater than 20 percent.
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