Question

A competitive market has a four-firm concentration ratio that is

Answer 1

Based on the information given, indicate whether the following industryis best characterized by the model of perfect competition, monopoly, monopolistic competition, or oligopoly. a. Industry A has a four-firm concentration ratio of 0.005 percent and a Herfindahl-Hirschman index of 75.

Answer 2

A competitive market has a four-firm concentration ratio that is greater than 60% the market is oligopoly.

Explanation:

• The concentration ratio, that is the total of the sales of all the four firms such as cola, juice up, super soda, and king caffeine divided by total industry.

• The ratio is the value of the complete sales accounted for by the four large forms in the industry.

• If four-firm concentration ratio is greater than 60% of the market then its n oligopoly, of its concentration is less than 40% then it's a monopolistic market.

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• brainly.in/question/6833226 answered by Brainly User.