Question: 02 Question (2 points) The following table reports the four-firm concentration ratio for five different industries: Four-Firm Concentration Ratio Industry Industry A 92% Industry B

02 Question (2 points) The following table reports the four-firm concentration ratio for five different industries: Four-Firm Concentration Ratio Industry Industry A 92% Industry B 11% Industry C 88% Industry D 47% Industry E 99% Part 1 (1 point) Refer to the table above. In which industry do the four largest firms have the most market power? Choose one: A. Industry A B. Industry B C. Industry C OD. Industry D OE. Industry E Part 2 (1 point) Refer to the table above. In which industry do the four largest firms have the least market power? Choose one: A. Industry A B. Industry B OC. Industry C OD. Industry D OE. Industry E

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