Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry.
-Refer to Table 16-2. What is the concentration ratio for Industry K?
A)about 8%
B)about 36%
C)about 48%
D)about 84%

Question

Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry. 
-Refer to Table 16-2. What is the concentration ratio for Industry K?
A)about 8% 
B)about 36% 
C)about 48% 
D)about 84%

Quizplus · Accepted Answer

The concentration ratio for Industry K is calculated by summing up the market shares of the top six firms. According to the table, the market share of the top six firms in Industry K is 36% (10%+6%+5%+5%+5%+5%). Therefore, the answer is (B) about 36%.

Table 16-2 the Following Table Shows the Total Output Produced by the by the Top