The following table shows the dollar amount of sales in 2016 for the four largest firms in the above-ground pool industry.Total industry sales in 2016 were $467,000.Use this table to answer the following questions:
-If Clear Water Island acquired Poolside Paradise,the concentration ratio would ________ and the market price of pools would likely ________.
Definitions:
English Law
The legal system of England and Wales, based on common law principles, which has been adopted and modified in various jurisdictions worldwide.
Ancient Traditions
Long-established customs, beliefs, or practices passed down through generations.
Nonprofit Sector
The portion of an economy comprised of organizations that operate to serve public or societal interests rather than to generate profits for owners or shareholders.
Social Welfare Organizations
Groups designed to provide services and support to improve the well-being of society, often focusing on the needs of the disadvantaged.
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