Consider the following five descriptions of markets. Place them in order from most competitive to least competitive: (i) Hundreds of firms sell products with high levels of product differentiation. Barriers to entry are low. (ii) Concentration ratio of the top three firms is 95%. Firms sell slightly differentiated products. High barriers to entry. Evidence of competition among the firms. (iii) One firm selling a unique product. Barriers to entry are very high. (iv) Concentration ratio of the top two firms is 95%. Firms sell highly differentiated products. High barriers to entry. (v) Hundreds of small firms who each have a tiny percentage of market share. Firms sell similar products. No barriers to entry单项选择题

题目图片
A

a. (v), (i), (iv), (ii), (iii)

B

b. (i), (v), (ii), (iv), (iii)

C

c. (v), (i), (ii), (iv), (iii)

D

d. (i), (v), (iv), (ii), (iii)

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