Question
The Herfindahl index and the concentration ratio fail to give a complete picture of an economy's competitiveness because: they measure each firm's share of sales
The Herfindahl index and the concentration ratio fail to give a complete picture of an economy's competitiveness because:
they measure each firm's share of sales rather than each firm's share of profits.
many corporations are conglomerates, spanning a variety of different industries.
they don't account for mergers within an industry.
they are based on market share, not market size.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Microbiology A Systems Approach
Authors: Marjorie Kelly Cowan
5th Edition
1259947963, 9781259947964
