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Suppose there is an industry with annual sales of $25 million and four firms A, B, C and D operating in that industry. The sales

Suppose there is an industry with annual sales of $25 million and four firms A, B, C and D operating in that industry. The sales of the firms are $8 million, $7 million, 5 million and 5 million, respectively. What is the Concentration ratio CR3?

A. 28%
B. 32%
C. 60%
D. 80%

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