Question

the degree of concentation of an industry in a particular place is called​

Answer 1

Answer:

Definition: Market concentration is used when smaller firms account for large percentage of the total market. It measures the extent of domination of sales by one or more firms in a particular market. The market concentration ratio is measured by the concentration ratio.

Explanation:

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Answer 2

Answer:

Market Concentration. Market concentration is used when smaller firms account for large percentage of the total market. It measures the extent of domination of sales by one or more firms in a particular market. The market concentration ratio is measured by the concentration ratio.