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 D?
A) 32%
B) 56%
C) 60%
D) 65%

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 D?
A) 32% 
B) 56% 
C) 60% 
D) 65%

Quizplus · Accepted Answer

The concentration ratio is calculated by summing up the percentage of output supplied by the top four firms in the industry. In Industry D, the top four firms supply 60% of the output, making the concentration ratio 60%.

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