what-are-the-potential-implications-of-a-four-firm-concentration-ratio-of-70-on-

Question

What are the potential implications of a four firm concentration ratio of 70% on consumer choice?

Accepted Answer

Moderate consumer choice with some market power held by top firms.

Answer

No impact on consumer choice.

Answer

Increased consumer choice due to high competition.

Answer

Limited consumer choice due to dominance by a few firms.