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Life-Style Fitness, Inc. competes in the fitness market in South Carolina. 2010 industry sales were estimated at $ 71.9 million. Sales of the 4 largest

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Life-Style Fitness, Inc. competes in the fitness market in South Carolina. 2010 industry sales were estimated at $ 71.9 million. Sales of the 4 largest firms in the industry were: 24 Hour Fitness: $ 6.5 million YMCA: $4.9 million Life-Style Fitness: $ 3.7 million Iron Gym: $ 1.1 million Calculate the 4-firm industry concentration ratio. Round your answer to two decimal places. Your

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