Multiple Choice
Total industry sales are $100 billion. The four largest firms have sales of $35 billion, $17 billion, $6.8 billion, and $2.2 billion. The industry's approximate four-firm concentration ratio is
A) 0.61.
B) 0.88.
C) 0.39.
D) 0.06.
Correct Answer:
Verified
Correct Answer:
Verified
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