The top six firms in an industry have a total sales of the following respectively $54million, $47million, $45million, $40million, $30million, $25million; total industry sales are $261million. for this industry, what is the firm 4-firm concentration ratio? based on the value calculated, what market structures does this industry represent? Why?
The top six firms in an industry have a total sales of the following respectively $54million, $47million, $45million, $40million, $30million, $25million; total industry sales are $261million. for this industry, what is the firm 4-firm concentration ratio? based on the value calculated, what market structures does this industry represent? Why?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The top six firms in an industry have a total sales of the following respectively $54million, $47million, $45million, $40million, $30million, $25million; total industry sales are $261million.
for this industry, what is the firm 4-firm concentration ratio?
based on the value calculated, what market structures does this industry represent? Why?
if the third and the six largest firms are anted to merge, what do you think the department of justice Would do? Why?
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