Calculate the four-firm concentration ratio in the market


Ten firms compete in a market to sell product x. The total sales of all firms selling the product are $1million. Ranking the firms' sales from highest to lowest, we find the top four firms sales to be $175,000, $150,000, $125,000, and $100,000, respectively. Calculate the four-firm concentration ratio in the market for product x.

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Microeconomics: Calculate the four-firm concentration ratio in the market
Reference No:- TGS069036

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