Calculate the four-firm concentration ratio (CR-4) given the sales data. Assume that the firms listed are the only firms in this market. Sales (millions of dollars) 7.4 7.1 Expressive 6.8 LA & Company 6.2 5.3 Forever 22 Limitless 4.2 What is the four-firm concentration ratio? Round to the nearest whole percent in your calculations. Retailer Dap American Jaybird
Calculate the four-firm concentration ratio (CR-4) given the sales data. Assume that the firms listed are the only firms in this market. Sales (millions of dollars) 7.4 7.1 Expressive 6.8 LA & Company 6.2 5.3 Forever 22 Limitless 4.2 What is the four-firm concentration ratio? Round to the nearest whole percent in your calculations. Retailer Dap American Jaybird
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Calculate the four-firm concentration ratio (CR-4) given the sales data. Assume that the firms listed are the only firms in
this market.
Sales (millions of dollars)
7.4
7.1
Expressive
6.8
LA & Company
6.2
5.3
Forever 22
Limitless
4.2
What is the four-firm concentration ratio? Round to the nearest whole percent in your calculations.
Retailer
Dap
American Jaybird](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11c07f01-a12c-4f2b-8e12-20199e19a6cc%2F7e69c364-b964-40bc-8b4e-2d6fe3661106%2Fu6f7ker_processed.png&w=3840&q=75)
Transcribed Image Text:Calculate the four-firm concentration ratio (CR-4) given the sales data. Assume that the firms listed are the only firms in
this market.
Sales (millions of dollars)
7.4
7.1
Expressive
6.8
LA & Company
6.2
5.3
Forever 22
Limitless
4.2
What is the four-firm concentration ratio? Round to the nearest whole percent in your calculations.
Retailer
Dap
American Jaybird
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