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Business, 31.10.2019 04:31 joejonaslover7476

Ten firms compete in a market to sell product x. the total sales of all firms selling the product are $2 million. ranking the firms’ sales from highest to lowest, we find the top four firms’ sales to be $260,000, $220,000, $150,000, and $130,000, respectively. calculate the four-firm concentration ratio in the market for product x.

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