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Olin [163]
3 years ago
15

In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm m

achinery.
a) true
b) false
Business
1 answer:
Crank3 years ago
7 0

Answer: True

Explanation:

The Four-Firm Concentration Ratio simply measures aggregate market share of the four biggest firms that are in a particular industry while the Eight-Firm Concentration Ratio measures that of the eight biggest firms.

It is true that in recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.

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