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Suppose each of the 50 states had only one gasoline station, and all the stations were the same size. The four-firm concentration ratio a consumer,
Suppose each of the 50 states had only one gasoline station, and all the stations were the same size. The four-firm concentration ratio a consumer, who only drives within the state, would experience is
Multiple Choice
- 0.32.
- 0.08.
- 1.0.
- 0.16.
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