The following table shows the four-firm concentration ratios for five separate industries.Use this table to answer the following questions:

-In which industry do the four largest firms collectively have the most market power?
A) beer brewing
B) breakfast cereals
C) chocolate confections
D) adhesive manufacturing
E) plastics product manufacturing

Question

The following table shows the four-firm concentration ratios for five separate industries.Use this table to answer the following questions:
 
-In which industry do the four largest firms collectively have the most market power?
A) beer brewing 
B) breakfast cereals 
C) chocolate confections 
D) adhesive manufacturing 
E) plastics product manufacturing

Quizplus · Accepted Answer

The beer brewing industry is known for having a high concentration of market power among the four largest firms, often measured by metrics such as the Herfindahl-Hirschman Index (HHI). These companies dominate the market, controlling a significant portion of global and national sales, distribution, and production.

The Following Table Shows the Four-Firm Concentration Ratios for Five