A Concentration Ratio Measures

question 50

Multiple Choice

A concentration ratio measures

• A) the average size of the firms in the industry.
• B) the sales of the three largest firms in the industry minus the costs of these three largest firms in the industry.
• C) the share of industry sales accounted for by the largest firms in the industry.
• D) the excess capacity found in a particular oligopolistic industry.

---

Definitions:

Medical Schools

Educational institutions or faculties that provide education and training to students to become qualified medical practitioners.

Model Hospice

A benchmark or exemplar healthcare facility providing compassionate care and support to terminally ill patients and their families.

Inpatient Care

The type of institutionalized care that is required, for example, as an illness progresses and that may be provided in a hospice facility.

Medical Model

A framework that views diseases primarily as biophysical processes which can be clinically diagnosed and treated by healthcare professionals.