Question

The market shares of the top five firms in the dishware industry are 18%, 32%, 11%, 14%, and 8%. What is the four-firm concentration ratio for the dishware industry

Answer 1

75%

Step-by-step explanation:

Calculation to determine the four-firm concentration ratio for the dishware industry

Four-firm concentration ratio =18%+32%+11%+14%

Four-firm concentration ratio=75%

Therefore the four-firm concentration ratio for the dishware industry is 75%