When a person is told that the four-firm concentration ratio in an industry is 20 this means that: C. The four largest firms account for 20 percent of industry sales.
<h3>What is the four-firm concentration ratio?</h3>
The four-firm concentration ratio is a term that refers to the market share of the four largest firms being observed. When the concentration ratio increases, the market industry also experiences a corresponding increment.
Also when this concentration ratio is more than half or 50%, the market can be said to be overly concentrated. So, the response above aptly describes the meaning of the four-firm concentration.
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Answer:
Explanation:
Consider Samsung, a global leader in electronic goods such as the Galaxy brand of smartphones, laptops, and home appliances, among others. A sector of Samsung Company known as Samsung C&T Fashion Group offers a variety of items to clients, including apparel and athletics.
What the company did to keep its consumer in a certain situation. Most regions of the world, as well as companies and business owners, have been affected by the recent COV-ID epidemic along with those in line of clothes and athletics. Samsung saw this and they began selling facial masks to protect clients from the viral infection, allowing the company to retain customers and boost its customer retention rate.
As a result, a few of their companies began producing UV sterilizers particularly for cleaning mobile devices in order to reduce the possibility of the virus spreading through mobile phones.
In my case, I know from experience and heredity that for example my father died of a second heart attack at least partly because of his high cholesterol. The high cholesterol was related to his high metabolism so that he ate a lot of eggs and bacon when young so that probably produced a lot of bad cholesterol. Myself I also have a tendency to high cholesterol and was warned by my dad's doctor to watch it so consequently I mostly avoid dairy products and egg yolk and beef (red meat) and am mostly able to control it that way with diet so haven't had a heart attack yet.
Answer:
d) $3: $6
Explanation:
The computation is shown below:
Before the one firm cheats, the firm revenue is
= $10 × $6
= $60
Before the one firm cheats, the firm revenue is
= $9 × $7
= $63
No cheating firm's revenue
= $9 × $6
= $54
Now in case of cheating, it is
= $63 - $60
= $3
And, in the case of non cheating, it is
= $60 - $54
= $6
Answer:
Household using 1000 cubic feet: charge per cubic foot is $0.04
Household using 1600 cubic feet: charge per cubic foot is $0.034375
Explanation:
Household using 1000 cubic feet
Bill = $40
Volume of water used = 1000ft^3
Charge per cubic foot = $40/1000 = $0.04
Household using 1600 cubic feet
Bill = $55
Volume of water used = 1600ft^3
Charge per cubic foot = $55/1600 = $0.034375
