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Author Question: An industry's total revenue is $100 million. The above table shows the total revenue of the four ... (Read 104 times)

Engineer

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on: May 24, 2019



An industry's total revenue is $100 million. The above table shows the total revenue of the four largest firms in an industry.
a.Calculate this industry's four-firm concentration ratio.
b.Is this industry competitive?
c.What market type does it most likely represent?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Engineer on May 24, 2019

javimendoza7

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Reply #1 on: May 24, 2019
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Engineer

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Reply 2 on: May 24, 2019
Wow, this really help

ryhom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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