If the four-firm concentration ratio is 0.55, and the top four firms account for $25 million in sales, it follows that total industry sales equal a. $35.00 million. b. $12.00 million. Oc. $28.57 million. Od. $45.45 million.
If the four-firm concentration ratio is 0.55, and the top four firms account for $25 million in sales, it follows that total industry sales equal a. $35.00 million. b. $12.00 million. Oc. $28.57 million. Od. $45.45 million.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Am. 131.
Transcribed Image Text:If the four-firm concentration ratio is 0.55, and the top four firms account for $25 million in sales, it follows that total industry sales equal
a. $35.00 million.
b. $12.00 million.
Oc. $28.57 million.
Od. $45.45 million.
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