One major problem with four-firm concentration ratios is that they fail to take into account

Name: One major problem with four-firm concentration ratios is that they fail to take into account
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Four-firm concentration ratios do not account for the localized market for products, as they typically measure the concentration of market share among the top firms on a broader scale, often ignoring regional market dynamics and competition.

One Major Problem with Four-Firm Concentration Ratios Is That They