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The percentage of total industry output accounted for by the largest firms in an industry is called the:

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User TheDbGuy
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A concentration ratio is used to measure... market dominance

Percentage of total industry output accounted for by the largest firms in the industry is termed... the concentration ratio

The sum of the squared market shares of each firm in an industry is termed ... the Herfindahl-Herschman Index

Step-by-step explanation:

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User Rlivsey
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