SupposethemarketforgoodXhasafour-

| November 24, 2016

SupposethemarketforgoodXhasafour-firmconcentrationratioof0.50.Furthermore,assumethattotalsalesintheindustryare$1.2million.Basedonthisinformationweknowthatsalesforthelargestfourfirmsintheindustryequals(inaggregate)A.$600,000.B.$60,000.C.$2,400,000.D.$240,000 The answers that I found on this website says that its B but I believe that its A. Can you please explain why it would be B or is it A

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