Concentration ratios measure the

A) geographic location of the largest corporations in each industry.
B) degree to which product price exceeds marginal cost in various industries.
C) percentage of total industry sales accounted for by the largest firms in the industry.
D) number of firms in an industry.

Concentration Ratios

Measures of market structure and competition which indicate the cumulative market share of the top firms in an industry.

Geographic Location

Geographic Location denotes the specific physical position of an entity on Earth's surface, influencing its economic activities.

Marginal Cost

The rise in complete costs associated with creating one more unit of a good or service.