What percentage of the market will the three leading firms in an industry have, according to the rule of three?

Name: What percentage of the market will the three leading firms in an industry have, according to the rule of three?
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Question

Quizplus · Accepted Answer

According to the rule of three, the three leading firms will have between 70 and 90 percent of the market share. This means that the remaining market share will be split among other smaller firms. Therefore, option C is the closest to the expected answer.

What Percentage of the Market Will the Three Leading Firms