The four-firm concentration ratio is useful for?
a. Providing a rough gauge of the
b. Comparing domestic sales to international sales
c. Identifying monopolistic producers
d. Showing a firm's absolute market power
Which is not a feature of the four‐firm concentration ratio?
a. It only considers firms producing the same product
b. The ratio considers differences between the market shares of the top four firms
c. It is an indicator of the oligopolistic nature of the industry
d. It only considers goods produced in United States
Question 1 the correct answer is: d. Showing a firm's absolute market power The four-firm concentration ratio is calculated... View the full answer