which of the following is a disadvantage of the concentration ratio as a measure of competition...
Homework Answers
Some of the disadvantages of using concentration ratio as a measure of competition in a market place are as follows:
a. It does not use the market share of all firms in the industry.
b. It does not provide for distribution of the firm size.
c. The minute details about the competitiveness of the industry are not provided by the concentration ratio.
Thus, it does not provide a complete picture of the degree of competition in the market.
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which of the following is a disadvantage of the concentration ratio as a measure of competition...
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