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Suppose that total sales in an industry in a particular year are $900 million and sales by the top four sellers are $120 million, $100
Suppose that total sales in an industry in a particular year are $900 million and sales by the top four sellers are $120 million, $100 million, $100 million, and $90 million, respectively. We can conclude that Multiple Choice this industry is monopolistically competitive. this industry is oligopolistic. allocative efficiency will be achieved. the concentration ratio is 60 percent
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