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Question
Suppose an industry is composed of 10 firms. Each firmʹs share of total sales in the industry is 10 percent. If two of the firms merge, then the four-firm concentration ratio in the industry will
A) remain unchanged.
B) decrease as there are fewer firms in the industry.
C) increase.
D) depend on the market condition faced by the industry.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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