Multiple Choice
Which of the following statements pertains to the four-firm concentration ratio? I. It is the percentage of the value of sales accounted for by the four largest firms in an industry.
II) A high concentration ratio is indicative of a high degree of competition.
III) The ratio is used to measure product differentiation.
A) I only
B) I, II only
C) I, III only
D) I, II, and III
Correct Answer:
Verified
Correct Answer:
Verified
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