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3 years ago

10

Local hamburger market are (as percentages of all hamburgers sold): 23 percent, 22 percent, 18 percent, 12 percent, 11 percent,

8 percent, and 6 percent. what is the four-firm concentration ratio of the hamburger

1 answer:

Tamiku [17]3 years ago

3 0

The top 4 firms have (23 +22 +18 +12)% = 75% of the market.

The 4-firm concentration ratio is 0.75 or 75%.

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