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.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 13P

See similar textbooks

Firm	Market Share
1	2424
2	1818
3	1515
4	1212
5	1212
6	88
7	66
8	55

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