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SHABBA027 SHABBA027
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9 months ago

Suppose an industry is made up of 16 firms. Three firms each sell 12 percent of the industry's total output; another three firms each sell 8 percent; another five firms each sell 5 percent; and the last five firms each sell 3 percent. What is the eight-firm concentration ratio in this industry?



▸

0.85



▸

0.50



▸

0.40



▸

0.70



▸

1.40

Textbook 
Economics

Economics


Edition: 12th
Author:
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egidrarcegidrarc
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9 months ago
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SHABBA027 Author
wrote...

9 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kevin12323h
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Yesterday
Brilliant ツ
lipop
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2 hours ago
Smart ... Thanks!
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