The table below shows revenue data for different firms producing refrigerators. Use the given information to find the market share of each firm. (Round your answers-no decimals) Revenue in $ What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONO Firm Acme Co Baluga LLC Cran Inc. Delta Co Eagle Inc Fox Inc 225.00 525.00 100.00 160.00 635.00 455.00 Market Share in %
The table below shows revenue data for different firms producing refrigerators. Use the given information to find the market share of each firm. (Round your answers-no decimals) Revenue in $ What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONO Firm Acme Co Baluga LLC Cran Inc. Delta Co Eagle Inc Fox Inc 225.00 525.00 100.00 160.00 635.00 455.00 Market Share in %
Chapter1: Making Economics Decisions
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Transcribed Image Text:The table below shows revenue data for different firms producing refrigerators. Use the given information to find the market share of each firm. (Round your answers-no decimals)
Market Share in %
What is the Four Firm Concentration Ratio?
Is this market concentrated?
OYes
ΟΝΟ
Firm
Acme Co
Baluga LLC
Cran Inc
Delta Co
Eagle Inc
Fox Inc
Revenue in $
225.00
525.00
100.00
160.00
635.00
455.00
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