Question\begin{tabular}{|l|l|}
\hline Firm & Market Share (\%) \\
\hline A & 40 \\
\hline B & 33 \\
\hline C & 12 \\
\hline D & 11 \\
\hline E & 4 \\
\hline
\end{tabular}
Refer to the data. The four-firm concentration ratio for this industry is
(A) 100 percent.
(B) 96 percent.
(C) 95 percent.
(D) indeterminate because we don't know which four firms are included.
Studdy Solution
The four-firm concentration ratio for this industry is **96 percent**, which corresponds to answer choice (B).
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