Use the table below to answer the following questions.
Table 13.1.1
-Refer to Table 13.1.1.The four-firm concentration ratio for the pizza sellers is
A)40 percent.
B)100 percent.
C)80 percent.
D)33 percent.
E)12.5 percent.

Question

Use the table below to answer the following questions.
Table 13.1.1 
-Refer to Table 13.1.1.The four-firm concentration ratio for the pizza sellers is
A)40 percent. 
B)100 percent. 
C)80 percent. 
D)33 percent. 
E)12.5 percent.

Quizplus · Accepted Answer

The four-firm concentration ratio adds up the market share percentages of the four largest pizza sellers, which are Pizza Hut, Domino's, Papa John's, and Little Caesars. Their combined market share is 80 percent (20 + 25 + 20 + 15 = 80).

Use the Table Below to Answer the Following Questions