Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry.

-Refer to Table 16-2.Which industry has the lowest concentration ratio?
A) Industry A
B) Industry B
C) Industry C
D) Industry D

Question

Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry.
 
-Refer to Table 16-2.Which industry has the lowest concentration ratio?
A) Industry A 
B) Industry B 
C) Industry C 
D) Industry D

Quizplus · Accepted Answer

Industry C has the lowest concentration ratio as indicated by the Herfindahl-Hirschman Index (HHI) of 735, which is significantly lower than the HHIs for the other industries. Lower HHI indicates less concentration in the industry.

Table 16-2 the Following Table Shows the Total Output Produced by the by the Top