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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 is
A) 40 percent.
B) 45 percent.
C) 50 percent.
D) unable to determine.
Answer
This answer is hidden. It contains 1 characters.
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