Calculate three-firm market concentration index

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Question - Plaza Plates if only one of several competitors in the smart plate industry. Electric Eats led the industry in the US with sales of $295.4 million last year, and Apple had a strong entry with $145.6 million in sales. Siemens recorded US sales of $97.5 million, and Plaza Plates had sales of $163.1 million. Total industry sales in the US was $876.9 million. Calculate THREE-FIRM MARKET CONCENTRATION INDEX for the US smartplate industry.

Reference no: EM133161384

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