Economics 9708 · AS & A Level · 7.6

7.6 — practice question

The table displays the market shares of firms that sell a very similar product in a country from 2018 to 2020. What conclusion can be drawn from the data over the two years?

  • AMarket concentration increased.
  • BSales of the top four firms fell.
  • CScotsdale and Welshpool’s profits rose.
  • DThe concentration ratio of the four largest firms fell.

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