Firm Annual Sales $1,000 Annual Sales $ 800 Firm A 900 H. 1,200 120 1,050 75 J 90 50 K 75 40 600 24) According to Table 26.2A, the four- firm concentration ratio of this industry is A) 66.67 percent. B) 35 percent. C) 69 percent. D) 67.5 percent

Firm Annual Sales $1,000 Annual Sales $ 800 Firm A 900 H. 1,200 120 1,050 75 J 90 50 K 75 40 600 24) According to Table 26.2A, the four- firm concentration ratio of this industry is A) 66.67 percent. B) 35 percent. C) 69 percent. D) 67.5 percent

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 1E

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Question

Table 26.2A
Firm
Annual Sales
$1,000
Firm
Annual Sales
$ 800
900
H.
1,200
120
1,050
75
J
90
50
K
75
40
600
24) According to Table 26.2A, the four- firm concentration ratio of this industry is
B) 35 percent.
A) 66.67 percent.
C) 69 percent.
D) 67.5 percent.
ABCDEE

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