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Question: Suppose there are 5 firms in an industry. The market shares of the firms are as follows: Firm A, …
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Suppose there are 5 firms in an
industry. The market shares of the firms are as follows: Firm A,
30%; Firm B, 25%; Firm C, 25%; Firm D, 10%; Firm E, 10%.

Based on the information given,
what is the 4-firm concentration ratio in this industry?

Has to be a % answer. I have no clue how to do this..

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