Suppose an industry has total sales of $25 million per year. The two largest firms have sales of $6 million each, the third largest firm has sales of $2 million, and the fourth largest firm has sales of $1 million

The four-firm concentration ratio for this industry is A) 36 percent.
B) 60 percent.
C) 50 percent.
D) 25 percent.

B

Economics

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An import quota restricts ________ and is designed to protect domestic ________

A) exports; consumers B) exports; producers C) imports; consumers D) imports; producers

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A decrease in wealth would shift the:

A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.

Economics