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Suppose there are 8 firms in an industry and they each have total sales given in the table below. The 4-firm concentration ratio for this

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Suppose there are 8 firms in an industry and they each have total sales given in the table below. The 4-firm concentration ratio for this industry is Firm Total Sales 1 $30 million 2 $28 million 3 $26 million A $15 million $4million $3 million V $2 million 8 $2 million O .60 0 .75 O .85 O .90 None of these

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