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Author Question: Suppose the market for gasoline retailing (gas stations) in an island economy has 12 firms. The two ... (Read 72 times)

lol1012

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on: Oct 12, 2022
Suppose the market for gasoline retailing (gas stations) in an island economy has 12 firms. The two largest firms each account for 30% of sales, the third accounts for 15%, the fourth for 7%, the fifth for 4% and the remaining firms for 2% each. What is the four-firm concentration ratio?
◦ 8%
◦ 75%
◦ 82%
◦ 60%
◦ 100%
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lol1012 on Oct 12, 2022

avelasquez

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lol1012

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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