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Stolb23 [73]
3 years ago
14

An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the

market). The four-firm concentration ratio in this industry is _______ (expressed as a decimal).
Business
1 answer:
Gelneren [198K]3 years ago
5 0

Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

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