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Average variable cost is
In economics, average variable cost (AVC) is a firm's variable costs (labor, electricity, etc.) divided by the quantity (Q) of output produced.
Expert answered|selymi|Points 17820|
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Asked 11/30/2014 11:46:33 AM
Updated 11/30/2014 12:06:27 PM
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This answer has been confirmed as correct and helpful.
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A concentration ratio is used to measure
Question
Updated 12/4/2014 4:23:54 PM
1 Answer/Comment
In economics, a concentration ratio is a measure of the total output produced in an industry by a given number of firms in the industry.
Added 12/4/2014 4:23:54 PM
This answer has been confirmed as correct and helpful.
A concentration ratio is used to measure: A.efficiency. B.diseconomies of scale. C.marginal cost. D.market dominance.
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Updated 12/4/2014 4:28:35 PM
1 Answer/Comment
A concentration ratio is used to measure: market dominance.
Added 12/4/2014 4:28:35 PM
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