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In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery. a) true b) false
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In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.

a) true
b) false

User Eazy
by
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1 Answer

3 votes

Answer: True

Step-by-step 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.

User Kitty
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