Q. In economy, which among the following can be measured by calculating concentration ratios?
Answer: Competition
Notes: Competition is generally measured by calculating concentration ratios. Concentration ratios indicate whether an industry consists of a few large firms or many small firms. Two of the most commonly used metrics are the Herfindahl Hirschman Index (HHI) and the N-firm concentration ratio.

5

The above question is part of 35000+ General Studies MCQ Series Course on GKToday Android app.