The concentration ratio is the percentage of ___ earned by the ___ largest firms in the industry.

A) sales;four
B) sales;ten
C) profits;four
D) profits;ten

Concentration Ratio

A metric used in economics to assess the degree of market concentration by measuring the market share of the largest firms within an industry.

Largest Firms

Companies that dominate their industries or markets, often characterized by significant revenue, global presence, and market influence.

Profits

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.