Answered

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If the four-firm concentration ratio for industry X is 60, Multiple Choice the four largest firms account for 60 percent of total sales. each of the four largest firms accounts for 15 percent of total sales. the four largest firms account for 60 percent of total advertising expenditures. the industry is monopolistically competitive, but on the threshold of being an oligopoly.

Sagot :

Answer:

The four largest firms account for 60 percent of total sales.

Explanation:

The four firm concentration ratio calculates the concentration ratio of the 4 largest firms in an industry.

IF the concentration ratio is 60, it means that the 4 largest firms account for 60% of the sales

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