Multiple Choice
The share of industry output sold by the top four steel producers in the country are 19 percent, 15 percent, 12 percent, and 9 percent, respectively.The four-firm concentration ratio for the steel industry is
A) 0.19.
B) 0.55.
C) 0.138.
D) 0.65.
Correct Answer:
Verified
Correct Answer:
Verified
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