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The following table provides annual sales for the four largest firms in four industries in Canada

Economics Dec 11, 2020

The following table provides annual sales for the four largest firms in four industries in Canada. Also provided are total Canadian and total world sales for the industry (All figures are hypothetical and are in millions of dollars.) a Suppose Canada does not internationally trade any of the goods produced in these industries Compute the Canadian four tim concentration tatio for each Industry (Enter your responses rounded to the nearest whole number) Total Sales Total Sales Canadian Four Firm Firm 1 Firm 2 Firm Firm 4 (Canada) (World) Concentration Ratio Forestry Products 5190 $167 $98 $50 $565 $1,368 Chemicals $25 $23 59 $5 $180 $2,452 Women's Clothing $6 $6 $4 $2 % 598 $3,688 Pharmaceuticals $44 $37 $22 519 $297 $6.135

Expert Solution

Answers

1) 89%

2) 34%

3) 18%

4) 41%

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