If the top four firms account for $75 billion in sales and total industry sales are $300 billion,it follows that the four-firm concentration ratio is

Name: If the top four firms account for $75 billion in sales and total industry sales are $300 billion,it follows that the four-firm concentration ratio is
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The four-firm concentration ratio is calculated by dividing the total sales of the top four firms by the total industry sales. Here, $75 billion divided by $300 billion equals 0.25.

If the Top Four Firms Account for $75 Billion in Sales