Question

The following table shows the dollar amount of sales in 2016 for the four largest firms in the above-ground

pool industry. Total industry sales in 2016 were $467,000. Use this table to answer the following questions:

Firm NameSales in 2016Clear Water Island$112,000Poolside Paradise   47,000Nautical Waters   19,000Sunny Plastics   14,000All other firms in industry combined 275,000

If Clear Water Island acquired Poolside Paradise, the concentration ratio would ________ and the market price of pools would likely ________.

decrease; fall

increase; fall

decrease; not change

decrease; rise

increase; rise

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