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. Which industry has the lowest concentration ratio?
A)Industry J
B)Industry K
C)Industry L
D)Industry M

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. Which industry has the lowest concentration ratio?
A)Industry J 
B)Industry K 
C)Industry L 
D)Industry M

Quizplus · Accepted Answer

Industry K has the lowest concentration ratio because its top six firms only account for 30% of the total industry output, which is the lowest percentage among all industries listed in the table.

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