need answers before 5 pm. thanks t.htmi?returnUr1-https%3A%2F%2F c eco Secure ht
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need answers before 5 pm. thanks
t.htmi?returnUr1-https%3A%2F%2F c eco Secure https : Apps For quick access, place your bookmarks here on the bookmarks bar. Import bookmarks nom. Help Seve& Exit Submib Saved Homework 11: 2 of 2, Chapter 7 2 Ten firms compete in a market to sell product X The total sales from highest to lowest we find the top four fems sales to be $160000, $105,000 $95,000, and $80000, respectively Calculate the tour-firm concentration ratio in the market for product X of all firms selling the product are $1000,000. Ranking the firms sales 10 points Instruction: Enter your response rounded to two deciemal places Pret Reference Pret 2ot7 Next >Explanation / Answer
The four firm concentration ratio is the sum of sales of top four firms divided by the total industry sales.
The sum of sales of top four firms = $160000 + $105000 + $95000 + $80000.
Thus, the sum of top four firms sales = $440000.
The industry sales = $1000000.
Four firm concentration ratio = ($440000 / $1000000)
Four firm concentration ratio = 0.44
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