4 The table below shows revenue data for different firms producing cars. Use the given information to find the market share of each firm. The "other" row is comprisedof a number of small firms.Round each value to 2 decimal points.What is the Four Firm Concentration Ratio?19Is this market concentrated?YesNoFirmAcme ColBuzzy CoCran Inc.Delta CoEcho CoFox IncOtherRevenue in $.345.00595.00300,00485.00700.00605.00760.00Market Share in %42

The market share can be calculated by dividing the individual firm's revenue from the industry's…

The table below shows revenue data for different firms producing cars. Use the given information to find the market share of each hem. The "other" row is comprised of a number of small firms. Round each value to 2 decimal points. Firm Anh C Revenue in $1 345.00 Market Share in %

The table below shows revenue data for different firms producing cars. Use the given information to find the market share of each hem. The "other" row is comprised of a number of small firms. Round each value to 2 decimal points. Firm Anh C Revenue in $1 345.00 Market Share in %

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 12P

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Question

The table below shows revenue data for different firms producing cars. 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.
What is the Four Firm Concentration Ratio?
19
Is this market concentrated?
Yes
No
Firm
Acme Col
Buzzy Co
Cran Inc.
Delta Co
Echo Co
Fox Inc
Other
Revenue in $.
345.00
595.00
300,00
485.00
700.00
605.00
760.00
Market Share in %
42

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