Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries.

-Refer to Table 16-1.What is the concentration ratio in Industry Y?
A) 29%
B) 39%
C) 44%
D) 58%

Question

Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries.
 
-Refer to Table 16-1.What is the concentration ratio in Industry Y?
A) 29% 
B) 39% 
C) 44% 
D) 58%

Quizplus · Accepted Answer

The concentration ratio is the percentage of total industry sales accounted for by the top four firms. In Industry Y, the top four firms account for 29% of total industry sales.

Table 16-1 the Following Table Shows the Percentage of Output Supplied by Supplied