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Suppose the 2-firm concentration ratio (measuring output) in a Canadian manufacturing industry is ...

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Suppose the 2-firm concentration ratio (measuring output) in a Canadian manufacturing industry is ...

Suppose the 2-firm concentration ratio (measuring output) in a Canadian manufacturing industry is over 90%. Why might the market power of these 2 firms be less than the concentration ratio suggests?

▸ The relevant market is regional and so the concentration ratio is not relevant.

▸ A 2-firm concentration ratio does not provide enough information.

▸ A high concentration ratio usually indicates low degrees of market power.

▸ The product is traded internationally and the two Canadian firms compete with many global rivals.

▸ The product is purely domestic and there is no international trade.

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Microeconomics

Edition: 17^th

Author: Ragan

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