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09-07-2021
Business

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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

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abiolataiwo2015 abiolataiwo2015

11-07-2021

Answer:

75%

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%

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