With reference to Figure 1, calculate the three-firm concentration ratio for the UK cinema market. Show your workings and express your answer to two decimal places.
| Cinema Operator | Number of screens |
|---|---|
| Cineworld | 1012 |
| Odeon | 954 |
| Vue | 871 |
| Everyman | 142 |
| Picturehouse | 85 |
| Showcase | 73 |
| Other cinema operators | 1120 |
92 exam-style questions on Edexcel A A Level Economics 3.4 Market structures, covering 3.4.1 Efficiency, 3.4.2 Perfect competition, 3.4.3 Monopolistic competition, 3.4.4 Oligopoly, 3.4.5 Monopoly, 3.4.6 Monopsony, and 3.4.7 Contestability. Each one has a worked solution and a mark scheme showing where the marks go.