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Business, 17.04.2020 18:11 Conner4600

Suppose a ten firm industry has total sales of $35 million per year. The largest firm has sales of $10 million, the third-largest firm has sales of $4 million, and the fourth largest firm has sales of $2 million. If fifth through tenth-largest firms combined have annual sales of $12 million, the four-firm concentration ratio for this industry is

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