Asked by
Aleah Brooks-Ellis
on Oct 12, 2024Verified
Which statement is false?
A) Growing automobile imports have made that industry's concentration ratio less relevant.
B) The Japanese automobile transplants have reduced the concentration ratio in that industry.
C) Most cars made in the United States are made by General Motors,Ford,and Chrysler.
D) None of these statements are false.
Concentration Ratio
A measure used in economics to assess the extent of market concentration by calculating the market share of the largest firms within an industry.
Automobile Imports
Cars and other vehicles brought into a country from abroad for sale, reflecting the trade and economic relations between countries.
Japanese Transplants
Foreign-owned manufacturing plants operated by Japanese companies in another country, typically for automotive production.
- Appraise the significance of market share and concentration ratios in determining competitive conditions.
Verified Answer
PS
Learning Objectives
- Appraise the significance of market share and concentration ratios in determining competitive conditions.