what-are-the-potential-implications-of-a-four-firm-concentration-ratio-of-95-on-

Question

What are the potential implications of a four firm concentration ratio of 95% on consumer choice?

Accepted Answer

Limited consumer choice due to dominance by a few firms.

Answer

No impact on consumer choice.

Answer

Increased consumer choice due to high competition.

Answer

Improved consumer choice due to innovation.