BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

Solutions

Chapter
Section
BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Total industry sales are $105 million. The top four firms account for sales of $10 million, $9 million, $8 million, and $5 million, respectively. What is the four-firm concentration ratio?

To determine

Determine four-firm concentration ratio.

Explanation

The four-firm concentration ratio can be calculated using the formula as follows:

Four-firm concentration ratio=large 4 firms sharesTotal industrial sales        (1)

The total industrial sales are $105 million. The accounts of sale of firm 1 is $10 million, firm 2 is $9 million, firm 3 is $8 million and firm 4 is $5 million respectively

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

What does the invisible hand of the marketplace do?

Principles of Macroeconomics (MindTap Course List)

Discuss target market strategies

MKTG 12:STUDENT ED.-TEXT

What is the purpose of Title XII advances?

PAYROLL ACCT.,2019 ED.(LL)-TEXT

What is the bullwhip effect?

Accounting Information Systems

In theory, market risk should be the only relevant risk. However, companies focus as much on stand-alone risk a...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)