Suppose the Market Share of the fiVe Largest fiRms in an Industry

question 64

Multiple Choice

Suppose the market share of the five largest firms in an industry is equal to 31%, 17%, 8%, 5% and 1% respectively. What is the five-firm concentration ratio for the industry?

• A) 62%
• B) 93%
• C) 31%
• D) 5%

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