maydavidsmith3103 maydavidsmith3103
  • 03-02-2020
  • Business
contestada

An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the market). The four-firm concentration ratio in this industry is _______ (expressed as a decimal).

Respuesta :

ewomazinoade ewomazinoade
  • 04-02-2020

Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

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