Suppose each of the 50 states had only one gasoline station,and all stations were the same size.The four-firm concentration ratio a consumer would experience is:

Question

Quizplus · Accepted Answer

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

Suppose Each of the 50 States Had Only One Gasoline