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 D?
A)approximately 48%
B)approximately 54%
C)approximately 60%
D)approximately 66%

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 D?
A)approximately 48% 
B)approximately 54% 
C)approximately 60% 
D)approximately 66%

Quizplus · Accepted Answer

The concentration ratio is calculated by summing the market shares of the largest firms in the industry. Without the table, we assume the correct answer is approximately 60% based on the given options.

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