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

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 12P

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Please help me with the incorrect answers. Thabks! :)
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What is the concentration ratio?