According to the table at right, if the fourth and fifth largest firms in the industry merge, the four-firm concentration ratio in the industry will be Annual Sales $1,000 Firm B 900 A. 52.5 percent. B. 35.8 percent. c. 69.0 percent. D. 82.5 percent. 120 75 50 40 800 1,200 1,060 90 600
According to the table at right, if the fourth and fifth largest firms in the industry merge, the four-firm concentration ratio in the industry will be Annual Sales $1,000 Firm B 900 A. 52.5 percent. B. 35.8 percent. c. 69.0 percent. D. 82.5 percent. 120 75 50 40 800 1,200 1,060 90 600
Chapter15: Oligopoly And Strategic Behavior
Section: Chapter Questions
Problem 11P
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Transcribed Image Text:According to the table at right, if the fourth and fifth largest firms in the industry merge, the four-firm
concentration ratio in the industry will be
Annual Sales
$1,000
Firm
B
900
A. 52.5 percent.
B. 35.8 percent.
c. 69.0 percent.
D. 82.5 percent.
120
75
50
40
800
1,200
1,060
90
600
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