suppose that the distribution of sales within an, Econometrics

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suppose that the distribution of sales within an

Suppose that the distribution of sales within an industry is as shown in the table.

Firm Share of Total Market Sales

A 25

B 20

C 15

D 14

E 8

F 6

G 5

H 5

I 2

Total 100%

a) What is the four-firm concentration ratio for this industry? ___74%_

b) What is the eight-firm concentration ratio for this industry? _____98%

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