Answer:
66
Step-by-step explanation:
Both bottom angles are equal
So x+x+48=180
Subtract 48 from both sides
So 2x=132
Divide both sides by 2
x=66
The top 4 firms have (23 +22 +18 +12)% = 75% of the market.
The 4-firm concentration ratio is 0.75 or 75%.
Step-by-step explanation:
The rates of:
- coffee Bean To Go = 19/4 = $4.75
per pound
- coffee 4U = $5.25 per pound
the correct answer is :
B. coffee Bean To Go is cheaper,
selling coffee at $4.75 per pound