An industry that has a four-firm concentration ratio of 60 has less market power than an industry that has a four-firm concentration ratio of 40.

Name: An industry that has a four-firm concentration ratio of 60 has less market power than an industry that has a four-firm concentration ratio of 40.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

A higher four-firm concentration ratio indicates a larger share of the market is controlled by the top four firms, suggesting greater market power compared to an industry with a lower concentration ratio.

An Industry That Has a Four-Firm Concentration Ratio of 60