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The Table Below Shows the Market Shares for the Only

Question 7

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The table below shows the market shares for the only firms in a domestic cement market.  Market Share  Firm A 45% Firm B 22% Firm C 10% Firm D 8% Firm E 7% Firm F 5% Firm G 2% Firm H 1% TABLE 11-1 \begin{array}{l}\begin{array} { | c | c | } \hline & \text { Market Share } \\\hline \text { Firm A } & 45 \% \\\hline \text { Firm B } & 22 \% \\\hline \text { Firm C } & 10 \% \\\hline \text { Firm D } & 8 \% \\\hline \text { Firm E } & 7 \% \\\hline \text { Firm F } & 5 \% \\\hline \text { Firm G } & 2 \% \\\hline \text { Firm H } & 1 \% \\\hline\end{array}\\\text { TABLE 11-1 }\end{array}
-Refer to Table 11- 1. The eight- firm concentration ratio in this industry is percent.


A) 85
B) 45
C) 100
D) 92
E) 67

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