Economics (AS & A Level) · Oct / Nov 2024 · Paper 32 · Question 5
9708Different market structures
The table shows the market shares of firms selling a very similar product in a country between 2018 and 2020. [table of firm market shares] What can be concluded from the data between the two years?
- AMarket concentration increased.
- BSales of the top four firms fell.
- CScotsdale and Welshpool's profits rose.
- DThe concentration ratio of the four largest firms fell.
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Correct answer: D. The concentration ratio of the four largest firms fell.
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