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The top four firms in industry A have market shares of 30, 25, 10, and 5 per cent, respectively. The top four firms in industry B have market shares...
The top four firms in industry A have market shares of 30, 25, 10, and 5 per cent, respectively. The top four firms in industry B have market shares of 15, 12, 8, and 4 per cent, respectively. Calculate the four- firm concentration ratios for the two industries. Which industry is more concentrated?