Question: Consider the following table data for selected competitors in the global eyeglasses industry. Particulars 2009 2010 2011 2012 2013 Luxottica Group SpA 3,923 4,211.30 4,604.20

Consider the following table data for selected competitors in the global eyeglasses industry.

Particulars

2009

2010

2011

2012

2013

Luxottica Group SpA

3,923

4,211.30

4,604.20

4,896.60

5,015.60

Essilor International SA

3,604.20

4,112.40

4,274.10

4,514

4,647.40

Safilo Group SpA

1,312.50

1,418.80

1,472.20

1,499.10

1,425.70

Carl Zeiss AG

642.2

668.20

703.90

717.6

770.30

Marchon Eyewear Inc

865.1

762.80

771.20

771.3

766.20

Hoya Corp

528.9

585.20

601.60

636.1

720.10

Total

10,875.90

11,758.70

12,427.20

13,034.70

13,345.30

The 3-firm concentration ratio for the 2013 market share equals.

Please do not copy from chegg otherwise i have to report the answer. Explain the answer throughly with showing each step of the calculation.

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