In September 2008, Toyota Motor's share of the U.S. auto sales market was 15 percent, Ford's market share was 12.1 percent, GM's was 29.1 percent, Honda's was 10 percent, Nissan's share was 6.2 percent, and Chrysler's market share was 11.1 percent. What is the four-firm concentration ratio in the auto market?
A) 83.5
B) 66.2
C) 67.3
D) 62.3
Correct Answer:
Verified
Q329: The Roomba 980 is a robotic vacuum
Q330: It was more than a century ago
Q331: Constellation Brands Inc. is the world's biggest
Q332: It was more than a century ago
Q333: In the personal computer (PC) market in
Q335: The Roomba 980 is a robotic vacuum
Q336: In the personal computer (PC) market in
Q337: What is a firm?
Q338: In September 2008, Toyota Motor's share of
Q339: What is a normal profit? Is it
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents