The four-firm concentration ratio is the percentage of the total ________ accounted for by the four largest firms in the industry.

Question

Quizplus · Accepted Answer

The four-firm concentration ratio is a measure of market concentration in an industry. It is calculated by adding up the market share percentages of the four largest firms in an industry. The resulting figure represents the percentage of total sales accounted for by those firms. Therefore, the correct answer is B, sales.

The Four-Firm Concentration Ratio Is the Percentage of the Total