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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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