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If an Industry Has 25 Firms That Collectively Have $150

Question 194

Multiple Choice

If an industry has 25 firms that collectively have $150 million in total sales and the top four firms in this industry account for $90 million in sales, what is the concentration ratio of the top four firms in this industry?


A) 42 percent
B) 60 percent
C) 70 percent
D) 80 percent

Correct Answer:

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