Suppose That an Industry Consists of 100 Firms, and the Top

question 226

Multiple Choice

Suppose that an industry consists of 100 firms, and the top 4 firms have annual sales of $1 million, $1.5 million, $2 million, and $2.5 million, respectively. If the entire industry has annual sales of $8.5 million, the four-firm concentration ratio is approximately

• A) 82 percent.
• B) 50 percent.
• C) 94 percent.
• D) 70 percent.

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