Question

Suppose the market for good X has a four-firm concentration ratio of 0.80. Having worked for
the four largest firms in the industry, you know the sales for these
four firms are given by
$2.000.000, $2,250,000, $2.500.000. and $2,750,000. Based on this information, we know that
sales for the remaining firms in the industry are:
A. 39.433.320.
B. S6,875,000.
Mary
C. $5.505.000.
D. 52.375.000.​

Answer 1

Answer:

Suppose the market for good X has a four-firm concentration ratio of 0.80. Having worked for

the four largest firms in the industry, you know the sales for these

four firms are given by

$2.000.000, $2,250,000, $2.500.000. and $2,750,000. Based on this information, we know that

sales for the remaining firms in the industry are:

A. 39.433.320.

B. S6,875,000.

Mary

C. $5.505.000.

D. 52.375.000.