The table below shows revenue data for different firms producing cell phones. Use the given information to determine the 4 Firm Concentration ratio. Firm Revenue in $ Market Share in % Aardvark Inc 490 19 Buzzy Co 285 11 Cran Inc 310 12 Delta Co 460 18 Echo Co 505 20 Farriss Co 515 20 What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONo EPIC

ENGR.ECONOMIC ANALYSIS
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The table below shows revenue data for different firms producing cell phones. Use the
given information to determine the 4 Firm Concentration ratio.
Firm
Revenue in $ Market Share in %
Aardvark Inc
490
19
Buzzy Co
11
285
Cran Inc
310
12
Delta Co
460
18
Echo Co
505
20
Farriss Co
515
20
What is the Four Firm Concentration Ratio?
Is this market concentrated?
OYes
ONo
EPIC
Transcribed Image Text:The table below shows revenue data for different firms producing cell phones. Use the given information to determine the 4 Firm Concentration ratio. Firm Revenue in $ Market Share in % Aardvark Inc 490 19 Buzzy Co 11 285 Cran Inc 310 12 Delta Co 460 18 Echo Co 505 20 Farriss Co 515 20 What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONo EPIC
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