Scenario 16-1
Suppose the following are the sales for all of the firms in two different industries.
-Refer to Scenario 16-1. What are the concentration ratios for these industries?
A)Industry A: 22%, Industry B: 26%
B)Industry A: 41%, Industry B: 47%.
C)Industry A: 68%, Industry B: 79%
D)Industry A: 100%, Industry B: 100%.

Question

Scenario 16-1
Suppose the following are the sales for all of the firms in two different industries. 
-Refer to Scenario 16-1. What are the concentration ratios for these industries?
A)Industry A: 22%, Industry B: 26% 
B)Industry A: 41%, Industry B: 47%. 
C)Industry A: 68%, Industry B: 79% 
D)Industry A: 100%, Industry B: 100%.

Quizplus · Accepted Answer

Concentration ratios measure the market share of the largest firms in an industry. The given percentages indicate the market share of the largest firms in Industry A and Industry B, respectively.

Scenario 16-1 Suppose the Following Are the Sales for All of the of the Firms