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stiks02 [169]
3 years ago
11

One measure of the extent of competition in an industry is the concentration ratio. what level of concentration indicates that a

n industry is an​ oligopoly? most economists believe that a​ four-firm concentration ratio of ▼ greater less than nothing percent indicates that an industry is an oligopoly. ​(enter your response as an​ integer.)
Business
1 answer:
AnnZ [28]3 years ago
5 0
<span>One measure of the extent of competition in an industry is the concentration ratio. what level of concentration indicates that an industry is an​ oligopoly? Most economists believe that a​ four-firm concentration ratio of greater than 40 percent indicates that an industry is an oligopoly.

An oligopoly is a market where there is a small number of large sellers. They dominate their market but also have their own market structure where they are able to keep a lot of firms from having influence over them. </span>
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