2. Working with Numbers and Graphs Q3 Total industry sales are $320 million. The top four...
2. Working with Numbers and Graphs Q3
Total industry sales are $320 million. The top four firms account for sales of $25 million, $10 million, $9 million, and $4 million, respectively.
The four-firm concentration ratio is ___
(Note: Enter the concentration ratio as a percentage.)
Homework Answers
Answer
Four firm concentration ratio =(share of top 4 firms/industry sale)*100
=((25+10+9+4)/320)*100
=15%
The four-firm concentration ratio is 15%
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2. Working with Numbers and Graphs Q3
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