Question: The table below presents the industry output for three different industries. Firm Industry 1 Output Industry 2 Output Industry 3 Output Firm A 25 300

The table below presents the industry output for three different industries. Firm Industry 1 Output Industry 2 Output Industry 3 Output Firm A 25 300 75 Firm B 25 0 75 Firm C 25 0 75 Firm D 25 0 0 All other firms 375 0 0 Instructions: Round your answers to two decimal places. a. Calculate the four-firm concentration ratio for Industry 2. Industry 2: % b. Based on the information provided, what market structure best characterizes Industry 2? Industry 2: (Click

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