If an industry is made up of five identical firms, the four - firm concentration ratio is

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Business

Mariam Mcclure

30 April, 16:37

If an industry is made up of five identical firms, the four - firm concentration ratio is

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Carmen Ramsey · Answer 1

I had to look for the options and here is the answer. The concentration ratio that is being referred to the description above is 80%. This means that the industry consists of five identical firms and the four-firm concentration is being referred to. Hope this answers your question.