Answer to Question #92637 in Microeconomics for sharfaa emambux

Question #92637

At the mall, there are 26 identically sized shoe stores. What is the four-firm concentration ratio?

Expert's answer

each firm has a concentration of

"\\frac{100}{26}=3.846%"

Four firm concentration ratio is "4\\times{3.846}=15.38%"

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