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If the Four-Firm Concentration Ratio Is 100 Percent, This Means

Question 98

Multiple Choice

If the four-firm concentration ratio is 100 percent, this means that the


A) top four firms must each have a 5 percent market share.
B) industry consists of no more than four firms.
C) top four firms must each have a 25 percent market share.
D) the top two firms must each have a 50 percent market share.

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