Asked by Jordan Strickland on Jul 08, 2024
Verified
Concentration ratios measure the percentage of industry sales for the top ________ firms.
Concentration Ratios
A measure used to determine the level of competition within an industry by analyzing the market share of the largest firms within that market.
Industry Sales
The total revenue generated within a specific industry from the sale of goods and services.
Top Firms
Leading companies in a particular industry, market, or sector based on metrics such as revenue, market share, or innovation.
- Determine and grasp the role and qualities of concentration ratios in the assessment of markets.
- Understand the limitations of using concentration ratios for analyzing industry competitiveness.
Verified Answer
MC
Learning Objectives
- Determine and grasp the role and qualities of concentration ratios in the assessment of markets.
- Understand the limitations of using concentration ratios for analyzing industry competitiveness.