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?
Chapter12: Government And Product Markets: Antitrust And Regulation
Section12.1: Antitrust
Problem 2ST
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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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