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The table below shows revenue data for different firms producing cell phones. Use the given information to find the market share of each firm. Firm
The table below shows revenue data for different firms producing cell phones. Use the given information to find the market share of each firm. Firm Revenue in $ Market Share in % Acme Co 415 Buzzy Co 220 Cran Inc 405 Delta Co 645 Echo Co 570 11 16 21 PRO Keep 2 decimals for the market share percentages What is the Four Firm Concentration Ratio? Is this market concentrated? OYes no
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