Post a New Question

Economics

posted by .

Suppose you have an industry with 20 firms and the concentration ratio is 20%. How would you describe this industry?

  • Economics -

    A concentration ratio of 20% means that the top n firms account for 20% of the market. What, is n?. If n=1, then the industry has one dominant firm. If n=4, then the industry is quite competitive. (n=5 implies all firms have equal shares).

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question