Question

Using the information below on firm total sales in the US TV set manufacturing industry, what is the four-firm concentration ratio for the US TV industry? Firms Revenue (in m $) Philips/Magnavox 1,270 Matsushita/Panasonic 840 Sony Toshiba 1,230 950 15 smaller firms 090 0 62.5% 45.3% %00 55.1%

Answer 1

Answer: Total Revenue (in uss) of all the firms. - 1270 + 840 + 1930 + 950 + 4060 a 4100H Millian = goso Million Toshiba) Total Revenue (in uss) of 4 top most firms Cie. Philips, Panasonic / Motsushita, Sony and = 1270 + 840 + 1930 + 950 = 4990 Million Four firm x 100 Concentration Ratio = shore of 4 firms in Revenue Total Revenue - 4990 - SS.lt goso ANSWER: 55.1% FINAL