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stars_and_moon stars_and_moon
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7 years ago
There are three firms in an industry.  One firm is extremely large, with 96% of the sales in the industry.  The other two firms are quite small with only 2% of the sales in the industry each.  What is the four-firm concentration ratio for the industry?
A) 100
B) 96
C) 3
D) 48
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kingbykingby
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7 years ago
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#2
7 years ago
Incredible!
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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