question archive The measurement of industry concentration which calculates the percentage of all sales contributed by a specific number of leading firms is called the: a
The measurement of industry concentration which calculates the percentage of all sales contributed by a specific number of leading firms is called the: a
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The measurement of industry concentration which calculates the percentage of all sales contributed by a specific number of leading firms is called the:
a. Herfindahl-Hirschman Index,
b. Concentration ratio,
c. Producer price index,
d. P/E ratio.
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- The correct option is (b). Concentration ratio.
The concentration ratio is the ratio that shows the size of each firm in relation to its industry as a whole. However, a lower concentration ratio shows a high level of competition and a higher concentration ratio shows a lower level of competition.
