5 companies compete with each other in a product market. Your sales revenues are as follows: (275,...
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Question:
5 companies compete with each other in a product market. Your sales revenues are as follows: (275, 3040, 1120, 365, 180)
Calculate the Lorenz coefficient as a parameter for the competition.
a) 0.5
b) 0.342
c) 0.658
d) 0.2865 382190
e) 0.4315
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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