Concentration ratios are a good guide to the degree of competition when an industry competes with overseas suppliers.

Name: Concentration ratios are a good guide to the degree of competition when an industry competes with overseas suppliers.
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Question

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Concentration ratios, which measure the market share of the largest firms in an industry, do not account for competition from overseas suppliers. They only reflect the domestic market structure, ignoring international competition.

Concentration Ratios Are a Good Guide to the Degree of Competition