The impact of very high tax rate.

Question

Which of the following is true about the concept of concentration? Group of answer choices The lower the degree of rivalry amongst the firms, the higher the concentration. The lower the number of firms in a market, the lower the concentration. All of the answers are correct. The higher the degree of rivalry amongst the firms, the lower the concentration

Answer 1

Question

Chapter 8, Problem 6PA

Subpart (a):

To determine

The impact of very high tax rate.

Subpart (b):

To determine

The impact of very high tax rate.

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Which of the following is true about the concept of concentration? Group of answer choices The lower the degree of rivalry amongst the firms, the higher the concentration. The lower the number of firms in a market, the lower the concentration. All of the answers are correct. The higher the degree of rivalry amongst the firms, the lower the concentration

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