In recent years, industries with high four- and eight-firm concentration ratios include cars, cereal breakfast foods, and farm machinery.

Question

Quizplus · Accepted Answer

These industries typically have a small number of firms controlling a large market share, leading to high concentration ratios. The automotive, cereal, and farm machinery sectors are known for being dominated by a few major companies, which is indicative of high four- and eight-firm concentration ratios.

In Recent Years, Industries with High Four- and Eight-Firm Concentration