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%"

Learn more about our help with Assignments: Microeconomics

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…