Using the information in the table,develop the four-firm concentration ratio.Would you classify this industry as an oligopoly? Explain your answer. $$\begin{array} { c c }
\text { Firm } & \begin{array} { c }
\text { Annual Sales } \
\text { (\$ millions) }
\end{array} \
\hline 1 & 350 \
2 & 200 \
3 & 150 \
4 & 100 \
5 & 40 \
6 \text { through 20 } & \underline { 20 } \
& 810
\end{array}$$

Question

Using the information in the table,develop the four-firm concentration ratio.Would you classify this industry as an oligopoly? Explain your answer. $$\begin{array} { c c } 
\text { Firm } & \begin{array} { c } 
\text { Annual Sales } \
\text { (\$ millions) }
\end{array} \
\hline 1 & 350 \
2 & 200 \
3 & 150 \
4 & 100 \
5 & 40 \
6 \text { through 20 } & \underline { 20 } \
& 810
\end{array}$$

Quizplus · Accepted Answer

The Answer of Using the information in the table,develop the four-firm concentration ratio.Would you classify this industry as an oligopoly? Explain your answer. $$\begin{array} { c c } 
\text { Firm } & \begin{array} { c } 
\text { Annual Sales } \
\text { (\$ millions) }
\end{array} \
\hline 1 & 350 \
2 & 200 \
3 & 150 \
4 & 100 \
5 & 40 \
6 \text { through 20 } & \underline { 20 } \
& 810
\end{array}$$

Using the Information in the Table,develop the Four-Firm Concentration Ratio