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Which is not a feature of the four-firm concentration ratio? a
Which is not a feature of the four-firm concentration ratio?
a. It only considers firms producing the same product
b. The ratio considers differences between the market shares of the top four firms
c. It is an indicator of the oligopolistic nature of the industry
d. It only considers goods produced in United States
Expert Solution
The following is not a feature of the four-firm concentration ratio:
- d. It only considers goods produced in United States
The four firm concentration ratio measures how much control the largest four firms held in an industry. It is a ratio and it is calculated as the proportion of total output, produced in the industry, by the largest four firms. The ratio is, thus, calculated based on market shares of the largest firms in the industry. As the oligopolistic nature has to be measured, of an industry, the firms producing the same products are considered.
It is an indicator of measuring the oligopolistic nature of an industry, irrespective of the economy in which the industry exists. This measure is universally exercised and is not only for markets of U.S.
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