answer the question Suppose the relevant market for clothing has ten firms. Three of the firms each have 20.0 percent of total market sales, three of the firms each have 8.0 percent of total market sales, and four of thefirms each have 4.0 percent of total market sales.The concentration ratio of the four largest firms in this industry ispercent. (Enter your response rounded to the nearest whole number.)

Include together the whole deals for each of the four biggest firms in your selected industry. Then…

Answered: Suppose the relevant market for…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Suppose the relevant market for clothing has ten firms. Three of the firms each have 20.0 percent of total market sales, three of the firms each have 8.0 percent of total market sales, and four of the firms each have 4.0 percent of total market sales.