Total industry sales are $100 billion. The four largest firms have sales of $35 billion, $17 billion, $6.8 billion, and $2.2 billion. The industry's approximate four-firm concentration ratio is
Solved
Show answers
More tips
- H Health and Medicine Discover the Hidden Principles and Real Results of the Japanese Diet...
- H Health and Medicine Understanding Pregnancy Tests: What You Need to Know?...
- H Health and Medicine What Makes a Man a Man?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home How to Get Rid of Your Neighbors?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
Answers on questions: Business
- B Business Why is it important to cite original sources when conducting research for business writing?...
- B Business When Sunshine Inc., a cosmetics manufacturer, introduced an additional line of perfumes, the response from its existing customers was good. According to Igor Ansoff...
- B Business If your long-run costs exhibit increasing returns to scale,securing big orders leads you to: A) Increase average costs B) Reduce average costs C) Keep the average...
- B Business Preparing an agenda for a meeting is a good idea because it a. lets others know that who is in charge b. sets a guided focus for the meeting c. makes it harder to...
- B Business Dustin had five outstanding checks that totaled $117.54. what should his check register balance be if he had an ending balance of $599.43 and outstanding deposits...
- B Business the weekly supply and demand for fast-food cheeseburgers in your city are shown in the figure below. in an effort to curb a looming budget deficit, the mayor recently...
- B Business Consider the following information: Portfolio Expected Return Beta Risk-free 10 % 0 Market 18 1.0 A 16 1.5 a. Calculate the expected return of portfolio A with a beta...
- B Business Journal entry forrent expense(rentvwas paid quarterly in advance nu. 6000 per quarter, payment were due on feburary 1 may 1, august 1 and november 1)...
- E English Number 4, I cannot do...
- M Mathematics Complete the equation of the line through 6,-6 and 8,8...
Ответ:
The industry's approximate four-firm concentration ratio is 61%
Explanation:
Hi, to answer this question, first we have to sum all the four firms sales:
Mathematically speaking:
35 + 17 + 6.8 + 2.2 = 61 billion
Now, we have to divide the result by the total industrial sales:
61 billion /100 billion = 0.61
To express it as a percentage we have to multiply it by 100
0.61 x 100 = 61%
The industry's approximate four-firm concentration ratio is 61%
Feel free to ask for more if needed or if you did not understand something.
Ответ: