A Four-Firm Concentration Ratio Measures

question 4

Multiple Choice

A four-firm concentration ratio measures

• A)the extent to which industry sales are concentrated among the four largest firms in the industry.
• B)the price elasticity of demand among the four largest firms in an industry.
• C)the number of firms in an industry.
• D)the price elasticity of demand in an industry.

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Definitions:

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