Suppose a ten firm industry has total sales of $35 million per year. The largest firm have sales of $10 million, the third large

Question

2 years ago

5

Suppose a ten firm industry has total sales of $35 million per year. The largest firm have sales of $10 million, the third large

st firm has sales of $4 million, and the fourth largest firm has sales of $2 million . If fifth through tenth largest firms combined have annual sales of $ 12 million, the four-firm concentration ratio for this industry is

Mathematics

1 answer:

USPshnik [31] · Answer 1 · 2022-05-26T07:16:45+03:00

USPshnik [31]2 years ago

4 0

Answer:

7 million

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