Market concentration is the degree to which a business’s volume or revenue is held by a few firms, measured by concentration ratios (the largest firms’ combined share, ) or by the Herfindahl–Hirschman index, the sum of the squared market shares in percent,
from near 0 for many small firms to 10 000 for one (Book 1’s Herfindahl index of venues, on a 0 to 10 000 scale).