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3. Sales of the firms in the pet food industry are in the table to the right. a. Calculate the four-firm concentration ratio. b.

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3. Sales of the firms in the pet food industry are in the table to the right. a. Calculate the four-firm concentration ratio. b. What is the structure of the industry? Firm Big Collar, Inc Shiny Coat, Inc Friendly Pet, Inc Naturals Way, Inc Other 8 firms Sales (thousands of dollars) 50 75 60 65 400

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