Question: Question 34 Use this table to answer the next two questions. The following table shows the dollar amount of sales in 2018 for the four

Question 34 Use this table to answer the next two questions. The following table shows the dollar amount of sales in 2018 for the four largest rms in the candy industry. Total industry sales in 201 8 were $ 750,000. Sales in 2018 Sweets & Treats, Inc. 275,000 Midwest Candy Co. 160,000 Adelberto's Candies 98,000 Cora's Confections 57,000 All other rms in industry combined 160,000 The four-rm concentration ratio in this industry is ________ . O 94% 79% O 21% O 58% O 41%
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
