Question: A high concentration ratio occurs when ____________________________________________. A. The industry approximates perfect competition. B. There are a few firms making a little of the output

A high concentration ratio occurs when ____________________________________________.

A. The industry approximates perfect competition.

B. There are a few firms making a little of the output for an industry.

C. A few firms that control most of the sales in the market.

D. There are many firms making most of the output for an industry.

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