Suppose each of the 50 states had only one gasoline station,and all stations were the same size.The four-firm concentration ratio,based on national data,would be:

Question

Quizplus · Accepted Answer

The four-firm concentration ratio is the percentage of total industry sales accounted for by the four largest firms. In this case, each state has only one gasoline station, so the four-firm concentration ratio would be 100%.

Suppose Each of the 50 States Had Only One Gasoline