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.Which industry has the highest concentration ratio?
A) Industry W
B) Industry X
C) Industry Y
D) Industry Z

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.Which industry has the highest concentration ratio?
A) Industry W 
B) Industry X 
C) Industry Y 
D) Industry Z

Quizplus · Accepted Answer

Industry X has a concentration ratio of 81%, which is the highest among the four industries. The concentration ratio is the sum of the market shares of the top firms in an industry. The higher the concentration ratio, the more dominant the top firms are in the market.

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