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4.1.5.1 Concentration Ratios - video

Authored by James Hannaford

Social Studies

Professional Development

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4.1.5.1  Concentration Ratios - video
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of using concentration ratios in market analysis?

To calculate the total number of firms in the market

To determine the exact profits of the largest firms

To categorize market structures based on firm dominance

To predict future market trends

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula notation for writing a concentration ratio?

n - total market share

total market share : n

n : total market share

total market share / n

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the number 'n' in the concentration ratio formula?

It represents the total number of industries

It indicates the number of top firms included in the calculation

It is a constant value used for all industries

It stands for the national market share percentage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is a four-firm concentration ratio calculated?

By multiplying the market shares of the four largest firms

By summing up the market shares of the four largest firms

By averaging the market shares of all firms

By adding the market shares of the four smallest firms

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which firms' market shares are summed in a three-firm concentration ratio?

The three most recently established firms

The three largest firms by market share

Any three randomly selected firms

The three firms with the smallest market shares

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to practice calculating concentration ratios?

To enhance mathematical skills only

To prepare for financial audits

To comply with international trade laws

To better understand market structures through examples

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the hypothetical example, what was the four-firm concentration ratio calculated?

50%

70%

80%

60%

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