Question: Question 4 The table below shows revenue data for different firms producing cell phones. Use the given information to find the market share of each

Question 4

The table below shows revenue data for different firms producing cell phones. Use the given information to find the market share of each firm. Firm Revenue in $ Market Share in % Acme Co 415 Buzzy Co 220 Cran Inc 405 Delta Co 645 Echo Co 570 Keep 2 decimals for the market share percentages What is the Four Firm Concentration Ratio? Is this market concentrated? OYes ONo

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