microchp13 - POP QUIZ WORKSHEET 4 : CHAPTER 13 NAME: _...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
POP QUIZ WORKSHEET 4 : CHAPTER 13 NAME: __________________________________ COURSE: ________________________________ 1. Kellogg’s, the breakfast-food people, comprises one of four corporations that control about 92 percent of its market for breakfast food. Kellogg’s would be considered: a. a perfect competitor. b. a monopolist. c. an oligopolist. d. to be engaged in monopolistic competition. 2. Ruby’s Beauty College of Omaha, Nebraska, is one of many local beauty colleges, each specializing in different haircutting techniques. Ruby’s Beauty College would be considered: a. a perfect competitor. b. a monopolist. c. an oligopolist. d. a monopolistic competitor. 3. Assume that Firm A has 40% of an industry’s sales, Firm B has 20%, Firm C has 20%, and Firm D has 10%. The Herfindahl is about: a. 90. b. 2000. c. 2500. d. 3000. 4. Concerning the concentration ratio: a. the higher the ratio, the closer the industry is to a perfectly competitive market. b.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/02/2011 for the course ECON 2 taught by Professor Contractor during the Spring '11 term at DeAnza College.

Page1 / 4

microchp13 - POP QUIZ WORKSHEET 4 : CHAPTER 13 NAME: _...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online