Suppose the market for good x has a four-firm concentration, Ask an Expert

Economics

Suppose the market for good X has a four-firm concentration ratio of 0.50. Furthermore, assume that total sales in the industry are $1.2 million. Based on this information, we know that sales for the largest four firms in the industry equal (in aggregate):

$600,000.

$60,000.

$2,400,000.

$240,000.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406839

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