A low concentration ratio means that

A) there is a low probability of entering the industry.
B) there is a low probability of success in the industry.
C) each firm accounts for a small market share of the industry.
D) each firm accounts for a large market share of the industry.

Concentration Ratio

A measure used in economics to assess the degree of market concentration by summing the market shares of the top firms in the industry.

Market Share

The proportion of total sales or business that a company or product secures within a particular market.

Industry

A sector of the economy characterized by the production or processing of similar goods or services.