If an industry is monopolized by one firm, the four-firm concentration ratio equals Group of answer choices 100 percent. 25 percent. 1 percent. 40 percent.
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Suppose an industry has 8 firms. The top four firms have market share of 15% each and rest of the firms have market share of 10%. Four-firms’ concentration ratio this industry is _______________ Group of answer choices 80% 40% 100% 60%
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