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5/2021 Ch. 11 Problems - Principles of Microeconomics 2e | OpenStax 35. Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto

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5/2021 Ch. 11 Problems - Principles of Microeconomics 2e | OpenStax 35. Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or not? GM 19% Ford 17% Toyota 14% Chrysler 11% Table 11.5 Global Auto Manufacturers with Top Four U.S. Market Share, June 2013 (Source: http://www.zacks.com/commentary/27690/auto-industry-stock-outlook-june-2013)

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