What is a concentration ratio?
A) A ratio that measures the percentage of an industry's total output that is produce by the largest few firms.
B) A ratio that measures the percentage of a firm's total output compared to its nearest rival.
C) A ratio that measures the percentage of the economy's total output that a particular industry produces.
D) A ratio that measures the size of each industry.
Correct Answer:
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Q18: What measures the percentage of an industry's
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