Ten firms compete in a market to sell product x the total, Ask an Expert

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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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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91922111

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