| Manufacturer | EV Sales (thousands) |
|---|---|
| Volkswagen Group | 2 500 |
| Stellantis | 1 500 |
| Tesla | 1 000 |
| Hyundai-Kia | 600 |
| BMW Group | 400 |
| Others | 2 000 |
| Total | 8 000 |
Calculate the five-firm concentration ratio from the table above. You are advised to show your working.
40 exam-style questions on Edexcel A A Level Economics 3.4.4 Oligopoly. Each one has a worked solution and a mark scheme showing where the marks go.