if-the-four-firm-concentration-ratio-is-60-what-does-this-suggest-about-the-mark

Question

If the four firm concentration ratio is 60%, what does this suggest about the market structure?

Accepted Answer

The market is moderately concentrated with some competition.

Answer

The market is highly concentrated with significant market power held by the top firms.

Answer

The market is fragmented with no firm having significant market power.

Answer

The market is competitive with many firms having equal market power.