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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
What is the four-firm concentration ratio if the four largest firms in an industry account for 5 percent, 6 percent, 7 percent, and 8 percent of total revenue?
A) 26 percent
B) 174 percent
C) 1,680
D) There is enough information given to answer the question, but none of the answers above are correct.
E) There is not enough information given to answer the question.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
This site is awesome
TheMoffattMan
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Yesterday
Good timing, thanks!
dri
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2 hours ago
Helped a lot
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