If you have found the percentage of the value of total revenue accounted for by the four largest firms in an industry, you have found the
A) elasticity of demand value.
B) monopolistic concentration index.
C) four-firm concentration ratio.
D) Herfindahl-Hirschman Index.
E) elasticity of supply value.

Question

Quizplus · Accepted Answer

The percentage of the value of total revenue accounted for by the four largest firms in an industry is known as the four-firm concentration ratio. It measures the level of market concentration in an industry and gives information about the extent of market power held by the largest firms.

If You Have Found the Percentage of the Value of Total