Year. Bank. Deposits 2018 STANBIC. 6,205,018 2019. Stanbic. 9,295,682 2020 STanbic. 12,742,132 2018. BARCLAYS. 7,657,089 2019 Absa. 10,139,424 2020 Absa. 10,598,067 Question: What is the five firm concentration ratio using deposits in the table above
Year. Bank. Deposits 2018 STANBIC. 6,205,018 2019. Stanbic. 9,295,682 2020 STanbic. 12,742,132 2018. BARCLAYS. 7,657,089 2019 Absa. 10,139,424 2020 Absa. 10,598,067 Question: What is the five firm concentration ratio using deposits in the table above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Year. Bank. Deposits |
2018 STANBIC. 6,205,018 |
2019. Stanbic. 9,295,682 |
2020 STanbic. 12,742,132 |
2018. BARCLAYS. 7,657,089 2019 Absa. 10,139,424 2020 Absa. 10,598,067
Question: What is the five firm concentration ratio using deposits in the table above |
Expert Solution
Step 1
As per the given information, the total firms are 5 as there are Absa. are 2 times given
Firms are : STANBIC. ,Stanbic. , STanbic., BARCLAYS., Absa.
The concentration ratio is used to find the concentration power in the market.
Five firm Concentration ratio is used to find the concentration power of the biggest 5 firms in terms of the volume(here give total deposits)
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