#Nokia VS Motorola
VS #Case- Nokia is the world’s largest mobile phone producer, with approximately 35% market share. The Finnish company’s market share is almost double that of its nearest rival, Motorola. Sales of Nokia handsets have soared recently mainly due to rising demand in India, China and Eastern European markets. Q.1 Calculate the approximately two-firm concentration ratio in the mobile phone industry. The concentration ratio is a ratio that indicates the size of firms in relation to their industry as a whole. It is calculated as the sum of the market share percentage held by the largest specified number of firms in an industry. The concentration ratio ranges from 0% to 100% and an industry’s concentration ratio indicates the degree of competition in the industry. · A concentration ranges from 0% to 50% may indicate that the industry is perfectly competitive and is considered low concentration. · Medium