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In the small town of Geneva, there are 5 firms that make watches. The firms respective output levels are 2 8 watches per year, 2

In the small town of Geneva, there are 5 firms that make watches. The firms respective output levels are 28 watches per year, 20 watches per year, 20 watches per year, 20 watches per year, and 12 watches per year. The four-firm concentration ratio for the towns watch-making industry is _________%

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