According to the table at right, the four-firm concentration ratio of this industry is O A....

Question

Question

Answer 1

Answer #1

Four firm concentration ratio = Sum of annual sales of four firms which earns highest / Total sales

= (1200 + 1050 + 1000 + 900)/(1000 + 900 + 120 + 75 + 50 + 40 + 800 + 1200 + 1050 + 90 + 75 + 600)

= 4150/6000 = 69.2 %

Answer is A) 69.2 percent

Answer 2

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