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.
Answer:
doctor
Explanation:
Making sure everyone is well taken care of and prescribed the right medication
Answer:
the supply will decrease causing an increase in pricing on mattresses.
Explanation:
Monopolism occurs when only one supplier produces a product with no other competitors. They control the supply and price of commodities.
Since other mattresse sellers have closed shop, the final seller will have monopoly of the mattresse market.
In order to maximise revenue he will reduce supply and increase prices so that customers will have no choice but to buy the scarce mattresse at higher price.
Answer:
The advertising technique that involves the giving of an additional item at no extra cost is:
Explanation:
<u>Promotion</u> is an advertising technique based on the customer's perception regarding the price or service provided for a good or service, <u>when an additional item is offered at no extra cost, the customer immediately assumes that the product they are buying has a lower value than others of the same style since you are carrying an additional product with which, if the price were divided between the two products, you would notice a profit</u>.
Answer:
I'm pretty sure the answer is A
