The industrial concentration ratio is the proportion of an industry's output ?
Correct answer: A. produced by the three largest firms in the industry
- A. produced by the three largest firms in the industry
- B. produced in cement, machine tools and steel industries
- C. and labor intensities relative to labor productivity
- D. as a percentage of production and marketing
Explanation
A concentration ratio measures the share of an industry's total output produced by its largest firms, commonly the top three or four. Here, the three largest firms define the stated concentration ratio.
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