In a perfectly competitive market,the four-firm concentration ratio is
A)almost zero.
B)50 percent.
C)100 percent.
D)75 percent.
E)25 percent.

Question

Quizplus · Accepted Answer

In a perfectly competitive market, there are numerous small firms, each producing an insignificant share of the total market supply. Therefore, the concentration ratio, which measures the market share of the leading firms, is almost zero.

In a Perfectly Competitive Market,the Four-Firm Concentration Ratio Is