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Suppose there are seven firms in a market where the three largest firms supply 20% of the market-clearing quantity and the other four firms supply 10% of the market-clearing quantity. What is the five-firm concentration ratio (i.e., the share of total sales controlled by the five largest firms in the market) ?
Synchronize
The process of making two or more processes, devices, or systems operate in unison by matching their speeds, frequencies, or timings.
Clutch
Device used to break torque flow between an engine and transmission and to apply/release application force in other units.
Downshift Fallback Mode
A feature in automatic transmissions that allows the car to automatically downshift during certain conditions to protect the engine and transmission.
AutoShift
An Eaton Fuller Roadranger family of electronically automated standard transmissions: phased out in North America but widely used offshore.
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