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 D?
A)23%
B)39%
C)58%
D)72%

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 D?
A)23% 
B)39% 
C)58% 
D)72%

Quizplus · Accepted Answer

The concentration ratio is the percentage of output supplied by the top firms in an industry, and it is calculated by adding up the percentages of output supplied by the top firms. In Industry D, the top four firms have a percentage of output supplied of 58%, which is the concentration ratio. So the answer is (C) 58%.

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