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Question
| Firm | Annual Sales ($ millions) |
| 1 | 70 |
| 2 | 30 |
| 3 | 28 |
| 4 | 22 |
| 5 | 10 |
| 6 through 25 | 40 |
| Total | 200 |
Use the above table. If firms 4 and 5 merge, the four -firm concentration ratio will be
A) 80 percent.
B) 75 percent.
C) 64 percent.
D) 50 percent.
Answer
This answer is hidden. It contains 1 characters.
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