What is the concentration ratio of industry

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Suppose firm 1 has 20% market share, firm 2 has 20% market share, firm 3 has 15% market share, firm 4 has 10% market share, firm 5 has 7% market share, and firm 6 has 3% market share. What is the concentration ratio (CR4) of this industry?

Reference no: EM132456986

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