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Business, 06.04.2020 05:16 adriannamartinez000

Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $1,000,000. Ranking the firms’ sales from highest to lowest, we find the top four firms’ sales to be $180,000, $140,000, $115,000, and $95,000, respectively. Calculate the four-firm concentration ratio in the market for product X.

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