The following table lists the market shares of the eight firms in an industry. Market Shares of Eight Firms in an Industry Firm Market Share 1 2424 2 1818 3 1515 4 1212 5 1212 6 88 7 66 8 55 Calculate the four-firm concentration ratio for this industry. Enter your answer in the box below, and round to the nearest whole number if necessary.
The following table lists the market shares of the eight firms in an industry. Market Shares of Eight Firms in an Industry Firm Market Share 1 2424 2 1818 3 1515 4 1212 5 1212 6 88 7 66 8 55 Calculate the four-firm concentration ratio for this industry. Enter your answer in the box below, and round to the nearest whole number if necessary.
Chapter15: Oligopoly And Strategic Behavior
Section: Chapter Questions
Problem 13P
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The following table lists the market shares of the eight firms in an industry.
Market Shares of Eight Firms in an Industry
Firm | Market Share |
---|---|
1 | 2424 |
2 | 1818 |
3 | 1515 |
4 | 1212 |
5 | 1212 |
6 | 88 |
7 | 66 |
8 | 55 |
Calculate the four-firm concentration ratio for this industry. Enter your answer in the box below, and round to the nearest whole number if necessary.
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