An Indicator of the Degree of Competition in an Industry

question 94

Multiple Choice

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 U.S.
• D)the profitability of the industry.

---

Definitions:

Back of Knee

The popliteal area; the region behind the knee joint where the femur, tibia, and fibula meet with ligaments and tendons.

Cubital

Pertaining to the elbow or the area around the elbow.

Thoracic Cavity

The chamber of the body enclosed by the ribs, sternum, and vertebral column, housing the lungs and heart.

Liver

A vital organ in vertebrates which performs multiple functions such as detoxification, protein synthesis, and production of biochemicals necessary for digestion.