Question: 2. Which market structure(s) will be a price 3. There are currently 8 firms in a particular market. There firm sales are given in the

2. Which market structure(s) will be a price 3. There are currently 8 firms in a particular market. There firm sales are given in the table below. What is the four-firm concentration ratio for this industry? Would you classify it as an oligopoly? Firm Sales $1,000 2 $1,500 3 $2,000 4. $2,500 5 $3,000 6 $1,000 7 $500 8 $2,500

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