Question
A four-firm concentration ratio for an industry____________. A. computes the degree of X-inefficiency in the industry B. indicates the percentage of the industry's capital facilities
A four-firm concentration ratio for an industry____________.
A. computes the degree of X-inefficiency in the industry
B. indicates the percentage of the industry's capital facilities owned by the four largest firms
C. measures the extent to which the four largest firms dominate the production of a good
D. measures the geographic concentration of the firms
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
