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3.4 Market structures

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Question 12

The following table shows the sales (millions of units) of smart speakers in Year 1 and Year 2:

BrandYear 1Year 2
Amazon10.411.2
Google8.29.5
Apple5.16.3
Baidu4.35.0
Xiaomi3.04.1
Others11.515.4
Total42.551.5

The 3-firm concentration ratio in Year 1 was 55.8%.

Calculate the 3-firm concentration ratio in Year 2 in this market. You are advised to show your working.

[2]

3.4 Market structures Questions

  1. A Level
  2. /Economics
  3. /3.4 Market structures