For the following statement, please indicate whether the statement is true, false, or uncertain, and explain why.If the statement has two parts, or if it is partly true and partly false, explain both parts.The evaluation of your answer focuses on the quality of your explanation.

Given the following information:The market for a metals-based product has a four-firm seller concentration ratio of 62 percent, and most firms in the industry currently are earning economic profits that are about 15 percent of total revenue.It is a commodity product, so product differentiation is minimal.The minimum efficient scale for a single production facility is equal to about 2 percent of the size of total industry sales.Two of the largest eight firms in the industry serve buyers throughout the market's geographic area using one or two production facilities.There are no government policies that focus specifically on this market.

Statement to evaluate:A good prediction is that the four-firm seller concentration ratio for this industry will decline during the next five to ten years.