Suppose there are seven firms in a market where the three largest firms supply 20% of the market. The other four firms supply 10% of the market, clearing quantity. What is the firm concentration ratio (i. e., the share of total sales controlled by the five largest firms in the market) ?
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Home » Business » Suppose there are seven firms in a market where the three largest firms supply 20% of the market. The other four firms supply 10% of the market, clearing quantity. What is the firm concentration ratio (i. e.