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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or not?

Chapter 11, Problem 35P, Use Table 11.5 to calculate the four-firm concentration ratio for the U.S. auto market. Does this

To determine

with the given table, find out four firm concentration ratios? Does this indicate concentrated market or not.

Explanation

Four Firm Concentration ratio (FFC) is calculated by adding the market shares of the four firms

GIVEN: Market shares of four firms are:

Company Market Share
GM 19%

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