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Firm Annual Sales ($ millions) 1 40 2 20 3 15 4 10 5 5 6 5 7 5 Total 100 Based on the table

Firm Annual Sales ($ millions)
1 40
2 20
3 15
4 10
5 5
6 5
7 5
Total 100

Based on the table shown, the four-firm concentration ratio in this industry equals what percentage of annual sales?

Group of answer choices

85 percent

15 percent

21.25 percent

40 percent

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