An Industry Is Comprised of 20 Firms,each with an Equal

question 90

Multiple Choice

An industry is comprised of 20 firms,each with an equal market share.What is the four-firm concentration ratio of this industry?

• A) 0.2
• B) 0.4
• C) 0.6
• D) 0.8

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Definitions:

Code of Conduct

A set of rules outlining the social norms, responsibilities, and expected behaviors of individuals within an organization or profession.