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Suppose There Are 8 Firms in an Industry, and Each

Question 70

Multiple Choice

Suppose there are 8 firms in an industry, and each has a different market share. If the largest firm has twice the market share of the second largest, which has twice the market share of the third largest (and so on to the eighth firm) , what is the approximate four-firm concentration ratio?


A) 65 percent
B) 84 percent
C) 94 percent
D) 60 percent
E) 50 percent

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