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Business, 25.02.2020 20:55 vanessaporter1545

Suppose that the demand in a particular industry is given by Qd = 100 - 2P. When the market price in the industry is $10 per unit, total demand in the industry is ___. Furthermore, assume that each of the four largest firms in the industry sell 15 units. Based on this information, the four-firm concentration ratio is .

a. 45 units; 0.25
b. 80 units; 1.00
c. 45 units; 0.75
d. 80 units; 0.75

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Suppose that the demand in a particular industry is given by Qd = 100 - 2P. When the market price in...
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