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Calculate the four-firm concentration ratio for industry

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Reference no: EM132456823

Note the special directions for this question.

For the next two questions on this exam, consider the following information about an industry with only six producers:

Firm Quantity
Produced
Alpha 445,208
Beta 319,267
Delta 566,399
Gamma 504,290
Phi 626,333
Rho 786,391

Calculate the four-firm concentration ratio for this industry.  Carefully follow numeric directions.  Round intermediate steps to four decimal places.  Enter your response in percent form without a percentage sign; do your final rounding after conversion to percent.  For example, if you get 0.4444 enter 44.44.

Reference no: EM132456823

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