Suppose that the distribution of sales within an industry is as shown in the table. Firm Share
Question:
Firm Share of Total Market Sales
A ......................... 15%
B ......................... 14
C ......................... 12
D ......................... 11
E ......................... 10
F ......................... 10
G ......................... 8
H ......................... 7
All others ................ 13
Total ..................... 100%
a. What is the four-firm concentration ratio for this industry?
b. What is the eight-firm concentration ratio for this industry?
Distribution
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The fourfirm concentration ratio is the percentage of the total output produced by top the four ...View the full answer
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