Table 16-3
The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries.
-Refer to Table 16-3. What is the concentration ratio for Industry A?
A)approximately 52%
B)approximately 58%
C)approximately 66%
D)approximately 72%

Question

Table 16-3
The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries. 
-Refer to Table 16-3. What is the concentration ratio for Industry A?
A)approximately 52% 
B)approximately 58% 
C)approximately 66% 
D)approximately 72%

Quizplus · Accepted Answer

The concentration ratio for Industry A is calculated by adding the market share percentages for the top four firms, which is 16% + 18% + 20% + 12% = 66%. Therefore, the answer is C.

Table 16-3 the Following Table Shows the Output Produced by Each of Each