Practice Quiz

AP Microeconomics

Category - Microeconomics

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What is the concentration ratio for a monopoly?
  1. 100
  2. 10
  3. 0
  4. Impossible to determine with the given information
Explanation
Answer - A - The concentration ratio for a monopoly is 100.

Key Takeaway: The concentration ration is used, along with the Herfindahl Index, to measure concentration within the market. This is usually done to show how much market control an individual business or group of business’s has within a given product market. The concentration ratio for a perfectly competitive market is 0. The concentration ratio for a monopoly is 100.
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