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Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817 Exercise 13
An indicator of the degree of competition in an industry is the concentration ratio. It measures
A) the percentage of sales in the industry by the largest firms.
B) the percentage of profit in the industry by the smallest firms.
C) the sales in the industry as a percentage of all consumption in the United States.
D) the profitability of the industry.
A) the percentage of sales in the industry by the largest firms.
B) the percentage of profit in the industry by the smallest firms.
C) the sales in the industry as a percentage of all consumption in the United States.
D) the profitability of the industry.
Explanation
Verified
Verified
Hence option (b)is incorrect.
Sales to t...
Issues in Economics Today 7th Edition by Robert Guell
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