Which of the following industries is likely to have the highest concentration ratio?

Question

Quizplus · Accepted Answer

The video game systems industry is likely to have the highest concentration ratio because it is dominated by a few large firms such as Sony, Microsoft, and Nintendo. This means that a large portion of the market is controlled by these firms and there are few smaller competitors. In contrast, corn production and clothing manufacturing have a larger number of smaller producers, making them less concentrated industries.

Which of the Following Industries Is Likely to Have the Highest