Suppose the market for smoothies is supplied by 11 competitors. Their respective market shares are 40%, 20%, 10%, 5%, 5%, 5%, 4%

Question

3 years ago

15

Suppose the market for smoothies is supplied by 11 competitors. Their respective market shares are 40%, 20%, 10%, 5%, 5%, 5%, 4%

, 4%, 4%, 2%, and 1%. Compute C4 for the smoothie market. Your answer should be a decimal between 0 and 1, rounded to the second decimal place (e.g. 0.50).

Business

1 answer:

S_A_V [24] · Answer 1 · 2021-12-25T10:32:49+03:00

S_A_V [24]3 years ago

6 0

Answer:

0.75

Explanation:

Four firm concentration: Share of four firms / Total market share

Four firm share: 40 + 20+10+5

= 75

CR = 75/100

= 0.75 or 75 %