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kiruha [24]
3 years ago
10

Suppose a ten firm industry has total sales of​ $35 million per year. The largest firm have sales of​ $10 million, the third lar

gest firm has sales of​ $4 million, and the fourth largest firm has sales of​ $2 million. If fifth through tenth largest firms combined have annual sales of​ $12 million, the fourfirm concentration ratio for this industry is
Business
1 answer:
lyudmila [28]3 years ago
3 0

Answer:

0.66

Explanation:

the fourfirm concentration ratio is the sum of the concentration ratio of the four largest firms in the industry.

The sales of the second largest firm = $35 million - ( $10 million + $4 million+ $2 million + $12 million ) = $7 million

concentration ratio of firm 1 = $10 million / $35 million = 0.29

concentration ratio of firm 2  = $7 million / $35 million = 0.2

concentration ratio of firm 3 = $4 million / $35 million = 0.11

concentration ratio of firm 4 = $2 million / $35 million = 0.06

Adding the ratios together = 0.66

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Does Audit services needed in Auchi polytechnic student union government? If yes,why
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<h3>What is the student union?</h3>

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It is known to be a body that is autonomous and one whose internal life set up its own by-laws.

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