Total industry sales are $80 million.The top four firms (A,B,C,and D) account for sales of $15 million,$3.2 million,$1.3 million and $0.4 million,respectively.What is the four-firm concentration ratio?
A) 9.40
B) 0.25
C) 0.75
D) 0.20
Correct Answer:
Verified
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