Widgets Gadgets Blodgets

-In the above table, what is the four-firm concentration ratio for the Gadgets industry?
A) 25 percent
B) 40 percent
C) 250 percent
D) 1,000 percent

Question

Widgets Gadgets Blodgets
 
-In the above table, what is the four-firm concentration ratio for the Gadgets industry?
A) 25 percent 
B) 40 percent 
C) 250 percent 
D) 1,000 percent

Quizplus · Accepted Answer

The four-firm concentration ratio is calculated by summing the market shares of the four largest firms in the industry. A ratio of 40 percent indicates that these firms collectively hold 40 percent of the market.

Widgets Gadgets Blodgets -In the Above Table, What Is the Four-Firm Concentration Ratio