Chapter 25 - Oligopoly

1		Prices set by large corporations for relatively long periods of time are called prices.
2		At the opposite end of the competitive spectrum from cutthroat competition is .
3		If an industry had 20 firms and each had the same market share, that industry would have a concentration ratio of .
4		If an industry had two firms which shared the market equally, that industry would have a Herfindahl-Hirschman index of .
5		When the prime rate is set by big banks, this is a form of price .