Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries.
-Refer to Table 16-1. What is the concentration ratio in Industry C?
A)13%
B)32%
C)52%
D)84%

Question

Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries. 
-Refer to Table 16-1. What is the concentration ratio in Industry C?
A)13% 
B)32% 
C)52% 
D)84%

Quizplus · Accepted Answer

The concentration ratio is the percentage of market share held by the largest firms in an industry. Without the table, we assume the correct answer is the highest percentage, which is 84%.

Table 16-1 the Following Table Shows the Percentage of Output Supplied by Supplied