Question
The information below sets out the estimated market shares for the cellular phone manufacturing market. Firm Market Share Nokia 36% Fujitsu 3% Kyocera 3% LG
The information below sets out the estimated market shares for the cellular phone manufacturing market.
Firm | Market Share |
Nokia | 36% |
Fujitsu | 3% |
Kyocera | 3% |
LG | 6% |
Motorola | 16% |
Samsung | 6% |
Sanyo | 4% |
Siemens | 7% |
Sony Ericsson | 11% |
Plus 8 more firms with 1% each
IfSamsung were to acquire Sanyo, what would the four-firm concentration ratio be? Would you consider this to be a highly concentrated market?
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Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
978-0538476232
