Concentration Ratio Flashcards
1
Q
What is a good way to gauge how close a particular marker is to being a monopoly
A
Measuring the degree of concentration in the market
2
Q
How is concentration usually measured
A
Concentration ratio
3
Q
How may concentration ratio be measured
A
Either shares in output or shares in employment
4
Q
What is best basis of concentration ratio for measuring market structure
A
Output
