4. A Good Indicator Of Competitive Rivalry Is The Concentration Ratio Of An Industry…
4. A good indicator of competitive rivalry is the concentration ratio of an industry.
Answer:
The concentration ratio ranges from 0% to 100%, and an industry’s concentration ratio indicates the degree of competition in the industry. A concentration ratio that ranges from 0% to 50% may indicate that the industry is perfectly competitive and is considered a low concentration.
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