[Solved] What Is a Concentration Ratio

Question 14
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What is a concentration ratio?

A)A ratio that measures the percentage of an industry's total output that is produce by the largest few firms.
B)A ratio that measures the percentage of a firm's total output compared to its nearest rival.
C)A ratio that measures the percentage of the economy's total output that a particular industry produces.
D)A ratio that measures the size of each industry.


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