Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%,
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Question:
Consider two industries in which firms hold the following market shares:
Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1%
Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2%
What are the concentration ratios for each industry? Which is more competitive?
Expert Answer:
To determine the concentration ratio for each industry we need to calculate the sum of the market s... View the full answer
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