Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the 3 firm concentration ratio based on revenues? MuCao Creamery has recently expanded into 3 provinces in Southeast China. Currently, there are three

What is the 3 firm concentration ratio based on revenues?
image text in transcribed
MuCao Creamery has recently expanded into 3 provinces in Southeast China. Currently, there are three other retail ice cream vendors in these provinces along with MuCao with the following sales volumes Total Cones Brands Revenues Served (RMB) (units) Xihuan Cones 87,500 35,000 MuCao Creamery 146,000 50,000 Scoops 30,000 10,700 Swirls 46,500 20,000 What is the 3 firm concentration ratio based on revenues? 0.0% percent 1 2 3 4 5 PS4 6 7 SUBMIT ANSWER EXIT CALCULATED VARIABLES: rms = 0.471 (47.1%) total = 310,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools for business decision making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

6th Edition

978-1119191674, 047053477X, 111919167X, 978-0470534779

More Books

Students also viewed these Accounting questions

Question

=+10. How can financial innovation lead to financial crises?

Answered: 1 week ago