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microchp13 - POP QUIZ WORKSHEET 4 CHAPTER 13 NAME COURSE 1...

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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: 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: 4. Concerning the concentration ratio:
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