Business, 07.11.2019 01:31 Lindseycline123
Suppose the market for good x has a four-firm concentration ratio of 0.50. furthermore, assume that total sales in the industry are $1.2 million. based on this information, we know that sales for the largest four firms in the industry equal (in aggregate):
a) $240,000.
b) $2,400,000.
c) $600,000.
d) $60,000.
Answers: 1
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Suppose the market for good x has a four-firm concentration ratio of 0.50. furthermore, assume that...
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