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 Z?
A) 36%
B) 51%
C) 62%
D) 67%

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 Z?
A) 36% 
B) 51% 
C) 62% 
D) 67%

Quizplus · Accepted Answer

The concentration ratio is typically calculated by summing the market shares of the top firms in the industry. Without the specific data from Table 16-1, the correct answer is assumed to be 62% based on the provided options.

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