The high concentration ratio for the aluminum industry understates the competition in that industry that comes from the copper industry. This is an example of

A) overt collusion.
B) covert collusion.
C) import competition.
D) interindustry competition.

High Concentration Ratio

Indicates that a large percentage of a market is controlled by a few firms, which could suggest less competition.

Interindustry Competition

Competition between firms that are in different industries but may target similar markets or customer needs.

Aluminum Industry

Sector of the economy focused on the production, processing, and distribution of aluminum, a lightweight and versatile metal.