Asked by
Williamfoo Wingming
on Nov 26, 2024Verified
Concentration ratios measure the
A) geographic distribution of the largest corporations in each industry.
B) degree to which a particular firm accounts for sales in a given metropolitan area.
C) percentage of total industry sales accounted for by the largest firms in the industry.
D) dependence of an industry on its resource suppliers.
Concentration Ratios
Concentration ratios measure the proportion of market share controlled by the largest firms within an industry, indicating the level of competition.
Geographic Distribution
The natural arrangement and location of various forms of life and how they are spread out across the earth.
Metropolitan Area
A region consisting of a densely populated urban core city and its less-populated surrounding territories, sharing industry, infrastructure, and housing.
- Familiarize yourself with the concept of concentration ratios and their significance.
Verified Answer
HB
Learning Objectives
- Familiarize yourself with the concept of concentration ratios and their significance.