Business, 20.12.2019 21:31 fanta47

Suppose an industry has a four-firm concentration ratio of 20 percent and a herfindahl index of 600. according to the cartel model, the industry would be more likely to have: a. a price war. b. either a monopolistic or a competitive price, depending on barriers to entry and exit. c. a competitive price. d. a monopolistic price.

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Suppose an industry has a four-firm concentration ratio of 20 percent and a herfindahl index of 600....