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The Eight-Firm Concentration Ratio for an Industry Is 0

Question 166

Multiple Choice

The eight-firm concentration ratio for an industry is 0.65. If the top four firms in the industry account for $40 million in sales, what do total sales equal?


A) $26 million
B) $45 million
C) $11 million
D) $20 million
E) There is not enough information to answer the question.

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