An indicator of the degree of competition in an industry is the concentration ratio. It measures a.

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An indicator of the degree of competition in an industry is the concentration ratio. It measures

a. The percentage of sales in the industry by the largest firms.

b. The percentage of profit in the industry by the smallest firms.

c. The sales in the industry as a percentage of all consumption in the United States.

d. The profitability of the industry.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:31 AM

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An indicator of the degree of competition in an industry is the concentration ratio. It measures a.

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