The table below shows revenue data for different firms producing refrigerators. Use the given information to find the market share of each firm. The "other" row is comprised of a number of small firms. Round each value to 2 decimal points. Firm % Acme Co Baluga, LLC Cran Inc Delta Co Eagle Inc Fox Inc. Other What is the Four Firm Concentration Ratio? Revenue in $ Market Share in % 245.00 595.00 105.00 170.00 725.00 515.00 990.00
The table below shows revenue data for different firms producing refrigerators. Use the given information to find the market share of each firm. The "other" row is comprised of a number of small firms. Round each value to 2 decimal points. Firm % Acme Co Baluga, LLC Cran Inc Delta Co Eagle Inc Fox Inc. Other What is the Four Firm Concentration Ratio? Revenue in $ Market Share in % 245.00 595.00 105.00 170.00 725.00 515.00 990.00
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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. The “other” row is comprised of a number of small firms.
Round each value to 2 decimal points.
| Firm | Revenue in $ | Market Share in % |
|-----------|--------------|-------------------|
| Acme Co | 245.00 | |
| Baluga, LLC | 595.00 | |
| Cran Inc | 105.00 | |
| Delta Co | 170.00 | |
| Eagle Inc | 725.00 | |
| Fox Inc | 515.00 | |
| Other | 990.00 | |
What is the Four Firm Concentration Ratio?
| | % |
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