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Business, 26.07.2020 01:01 kaelyynn752

Suppose that total sales in an industry in a particular year are $600 million and sales by the top four sellers are $200 million, $150 million, $100 million, and $50 million, respectively. We can conclude that:. A. price leadership exists in this industry
B. the concentration ratio is more than 80 percent.
C. the firms in this industry face a kinked demand curve.
D. this industry is a differentiated oligopoly.

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Suppose that total sales in an industry in a particular year are $600 million and sales by the top f...
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