Which of the following statements is true?
A)Concentration ratios take into account competition from substitute goods.
B)The four-firm concentration ratio is likely to be larger than the eight-firm concentration ratio.
C)There are assumed to be insignificant barriers to entry in the theory of oligopoly.
D)A designer label on a pair of jeans is a way of differentiating one seller's jeans from another seller's jeans.
E)all the above

Question

Quizplus · Accepted Answer

A designer label on a pair of jeans is a form of product differentiation, which is a common strategy used by firms to distinguish their products from those of competitors.

Which of the Following Statements Is True