A fourminusfirm concentration ratio measures

a. the fraction of an industry's sales accounted for by the four largest firms.

b. the fraction of employment of the four largest firms in an industry.

c. how the four largest firms became so concentrated.

d. the production of any four firms in an industry.

Question

Business

Gunner Mcdaniel

2 June, 14:28

A fourminusfirm concentration ratio measures

a. the fraction of an industry's sales accounted for by the four largest firms.

b. the fraction of employment of the four largest firms in an industry.

c. how the four largest firms became so concentrated.

d. the production of any four firms in an industry.

+1

Answers (1)

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Yandel Palmer · Answer 1

A four-firm concentration ratio measures the fraction of an industry's sales accounted for by the four largest firms. A four-firm concentration ratio compares different companies within the same market and the type of control they have over it. The control is in relation and indication of an oligopoly that the companies create together.

A fourminusfirm concentration ratio measuresa. the fraction of an industry's sales accounted for by the four largest firms.b. the fraction of employment of the four largest firms in an industry.c. how the four largest firms became so concentrated.d. the production of any four firms in an industry.