1- Please use the information in the following table to answer the question. Market Share 8.1 4.5 5.7 2.5 4.8 1.2 .6 3.1
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1- Please use the information in the following table to answer the question. Market Share 8.1 4.5 5.7 2.5 4.8 1.2 .6 3.1
question. Market Share 8.1 4.5 5.7 2.5 4.8 1.2 .6 3.1 Other Firms 69.5 Please round your answers to 1 decimal point. a. What is the concentration ratio for this industry? Firm A B C D E F G H b. What is the 8-firm concentration ratio for this industry? c. Is this industry typical of monopolistic competition? yes or no? % %
1- Please use the information in the following table to answer the