Given the information in Table 2, calculate the concentration ratio of this industry. Show your work.
TABLE 2 |
|
Firm |
Percent of Sales |
A |
14% |
B |
4 |
C |
23 |
D |
5 |
E |
2 |
F |
8 |
G |
17 |
H |
10 |
I |
2 |
J |
15 |
Total |
100% |
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