Which of the following industries has the highest concentration ratio?
A)jeans
B)fruit
C)household laundry equipment
D)restaurants

Question

Quizplus · Accepted Answer

The concentration ratio is the percentage of market share held by the largest firms in an industry. The higher the concentration ratio, the less competitive the industry is considered to be. Among the given choices, household laundry equipment has the highest concentration ratio because it is dominated by few large companies like Whirlpool and LG which hold a large market share. Restaurants and fruit industries have a large number of competitors, while jeans have relatively smaller companies competing against each other.

Which of the Following Industries Has the Highest Concentration Ratio