You are told that the four-firm concentration ratio in an industry is 20.
based on this infor...
You are told that the four-firm concentration ratio in an industry is 20.
based on this information you can conclude that:
a) each of the top four firms has 20 percent of industry sales.
b) the four largest firms account for a combined 80 percent of the industry
c) sales. the four largest firms account for 20 percent of industry sales.
d) each of the four largest firms accounts for 5 percent of industry sales.
Answers: 2
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Answers: 1
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Answers: 1
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Answers: 3
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