Question
Which of the following four-firm concentration
ratios is most consistent with perfect competition?Solution
The four-firm concentration ratio is the percentage of the value of sales accounted for by the four largest firms in the industry. A ratio of 0 percent: indication of perfect competition.
More Research Questions
Which method is used by Hicks to eliminate the income effect when price of a product is changed
In an open economy, ceteris paribus, If the marginal propensity to import increases, what will be the impact on Income Multiplier?
Calculate Domestic Income:
