Using the Concentration Ratio to Measure the Degree of Competition

question 1

Multiple Choice

Using the concentration ratio to measure the degree of competition

• A) may understate the degree of competition because it ignores imported goods.
• B) may overstate the degree of competition because it ignores imported goods.
• C) may overstate the degree of competition because inter-industry competition is ignored.
• D) may understate the degree of competition because market share changes annually.

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