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Business, 19.03.2021 19:00 mtiger

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 27%, 26%, 22%, 12%, 7%, 4%, and 2%. What is the four-firm concentration ratio of the hamburger industry in this town?

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Suppose that a small town has seven burger shops whose respective shares of the local hamburger mark...
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