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Based on the following markets shares, calculate this industry's concentration ratio: Firm 1=20%; Firm 2=30%, Firm 3=5%, Firm 4=5%, Firm 5=3% Select one: a.55% b.60%

Based on the following markets shares, calculate this industry's concentration ratio: Firm 1=20%; Firm 2=30%, Firm 3=5%, Firm 4=5%, Firm 5=3%

Select one:

a.55%

b.60%

c.65%

d.68%

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