The table shows the sales of the firms in the tattoo industry. Calculate the four-firm concentration ratio.
Question:
The table shows the sales of the firms in the tattoo industry.
Calculate the four-firm concentration ratio. What is the structure of the tattoo industry?
Transcribed Image Text:
Firm Bright Spots Freckles Love Galore Native Birds Other 15 firms Sales (dollars per year) 450 325 250 200 800
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Based on the information in the table we can calculate the fourfirm concentration ratio which is a m...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Table 1 shows the total revenue of the 50 firms in the tattoo industry. 1. Calculate the four-firm concentration ratio and the HHI. What is the market structure of the tattoo industry? 2. What would...
-
What was the inventory turnover ratio for the Cheesecake Factory for the fiscal year 2 0 2 2 ?
-
Sales of the firms in the tattoo industry are in the table. Firm Sales (dollars per year) Bright Spots 450 Freckles .. 325 Love Galore ... 250 Native Birds ... 200 Other 15 firms 800 Calculate the...
-
You accepted a new job with starting salary of $52,000 per year. The salary is expected to increase 4% each year. Now it is time to make a retirement plan for the next 39 years you expect to work....
-
A fence 8 ft tall runs parallel to a tall building at a distance of 4 ft from the building. What is the length of the shortest ladder that will reach from the ground over the fence to the wall of the...
-
Consider the differential equation dP/dt = kP 1+c , where k > 0 and c 0. In Section 3.1 we saw that in thecase c = 0 the linear differential equation dP/dt = kP is a mathematical model of a...
-
Granger Technology Solutions, Inc., completed the following transactions during January 2011, its first month of operations: Requirement 1. Record the preceding transactions in the journal of Granger...
-
A single-pass, cross-flow heat exchanger with both fluids unmixed is being used to heat water (m c = 2 kg/s. c p = 4200 J/kg K) from 20C to 100C with hot exhaust gases (c p = 1200 J/kg K) entering...
-
Shoe Inc manufactures two types of summer sandals: bamboo and leather. The costs and financial data for both lines of sandals are shown in the table below. The company sells all sandals that it...
-
Mars, Mondelz, Nestl, Ferrero Top Chocolate Market Share In 2015, Mars topped the list in the global chocolate market with approximately 14.4 percent market share followed by Mondelz International...
-
CEO Pay Surged in a Year of Upheaval CEOs at 300 of the largest U.S. public companies earned on average $13.7 million last year in salary, stock, and other compensation. Compensation increased in...
-
Prepare a presentation on any of the five (Network Discovery, Network Scanning, DLP, Firewalls, and HIDS) categories of tools and identify two specific products from different vendors. Based on two...
-
While the U.S. Constitution's First Amendment protects the right of journalists to gather and report information, it does notrequire them to be objective in their writing. If it did, American news...
-
In responding to your peers, evaluate how their examples can impact employee management. Support your response with sound arguments and properly cited sources, when applicable. SAS is consistently...
-
Big Wacky Motors (BWM), a manufacturer of traditional North American-style spacious cars, is considering constructing a factory in Germany. The initial cash outlay in Year 0 consists of two parts, a...
-
ii) Your supervisor would now like you to compare the maximum shear stress in a) above with a hollow shaft with similar dimensions. The hollow shaft is 2.5m long and has an outer radius of 25mm and...
-
Website: https://www.telus.com/en/on/business Assuming the role of a B2B buyer, assess the company's website effectiveness from a communications and marketing perspective and identify and explain :...
-
Suppose honey is produced in a beehive using bees and sugar. Each honey producer uses one beehive which she rents for $20/month. Producing q gallons of honey in one month requires spending 5q dollars...
-
You are the newly appointed tax practitioner to complete Emilys tax return and have downloaded the prefill report for Emilys tax return (hint, you can read what a prefill report is here (Links to an...
-
Use the information in Problem 25. Cindys tennis club raises its price of an hour of tennis to $10. The price of golf remains at $10 per hour and Cindy continues to spend $70 on tennis and golf. a....
-
Use the information in Problem 25. Cindys tennis club raises its price of an hour of tennis to $10. The price of golf remains at $10 per hour and Cindy continues to spend $70 on tennis and golf. a....
-
Use your answers to Problems 26a and 28 to draw Cindys demand curve for tennis. Over the price range of $5 to $10 an hour of tennis, is Cindys demand for tennis elastic or inelastic?
-
How can change management be linked to human resource management policies and processes? Accurate identification of HRM's role in managing transitions and implementing change. and effective...
-
The following are the summarised balance sheets of Snow Ltd. at 30 September, years 12 and 13:1 Year 12 Year 13 Year 12 Year 13 Share capital: R1 Fixed assets (other Non-distributable ordinary shares...
-
Briefly list and describe the educational organization (purpose, vision, resources, etc.) and how you can use it to develop your sense of identity and leadership.
Study smarter with the SolutionInn App