Home / Questions / Census data clearly shows the United States economy is becoming increasingly more
Census data clearly shows the United States economy is becoming increasingly more
oligopolistic.
22. U.S. industry is much more concentrated than other leading industrial nations of the
world.
23. The formation of cartels in the U.S. is illegal.
24. Price and concentration ratios are inversely related.
25. The formation of cartels is illegal in all countries of the world.
26. The concentration ratio of a monopoly industry is 100 percent.
27. Prices in an oligopoly industry tend to be higher than in a competitive industry.
28. Price discrimination is illegal in the United States
29. Most cartels self-destruct because cartel members cheat.
30. Game theory is most useful as a technique to model monopolistically competitive
oligopolies.
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