The following table provides annual sales for the four largest firms in four industries in Canada. Also provided are total Canadian and total world sales for the industry. (All figures are hypothetical and are in milions of dollars.) a. Suppose Canada does not interriationally trade any of the goods produced in these industries Compute the Canadian four-firm concentration natio for each industry. (Enter your resporises rounded to the nearest whole number.) Canadian Four Firm Concentration Ratio Total Sales Total Sales Firm 1 Firm 2 Firm 3 Firm 4 (Canada) (World) Forestry Products $190 $170 $98 $50 $565 $1,368 Chemicals $25 $23 $9 $4 $178 $2,452 Women's Clothing $7 $5 $5 $3 $98 $3,688 $46 $37 $20 $18 $301 $6,135 Pharmaceuticals inthing

The following table provides annual sales for the four largest firms in four industries in Canada. Also provided are total Canadian and total world sales for the industry. (All figures are hypothetical and are in milions of dollars.) a. Suppose Canada does not interriationally trade any of the goods produced in these industries Compute the Canadian four-firm concentration natio for each industry. (Enter your resporises rounded to the nearest whole number.) Canadian Four Firm Concentration Ratio Total Sales Total Sales Firm 1 Firm 2 Firm 3 Firm 4 (Canada) (World) Forestry Products $190 $170 $98 $50 $565 $1,368 Chemicals $25 $23 $9 $4 $178 $2,452 Women's Clothing $7 $5 $5 $3 $98 $3,688 $46 $37 $20 $18 $301 $6,135 Pharmaceuticals inthing

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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