Suppose that the sales of the six largest firms in an industry are 90,000, 85,000, 80,000, 75,000, 70,000, and 65,000 units, respectively.If the industry's total sales are 1 million units, the four-firm concentration ratio is:
A) 82.5 percent.
B) 71 percent.
C) 66.7 percent.
D) 33 percent.

Question

Quizplus · Accepted Answer

The Answer of Suppose that the sales of the six largest firms in an industry are 90,000, 85,000, 80,000, 75,000, 70,000, and 65,000 units, respectively.If the industry's total sales are 1 million units, the four-firm concentration ratio is:
A) 82.5 percent.
B) 71 percent.
C) 66.7 percent.
D) 33 percent.

Suppose That the Sales of the Six Largest Firms in an Industry