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 lowest concentratio ratio?
A)Industry A
B)Industry B
C)Industry C
D)Industry D

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 lowest concentratio ratio?
A)Industry A 
B)Industry B 
C)Industry C 
D)Industry D

Quizplus · Accepted Answer

Industry C has the lowest concentration ratio of 40 percent, indicating a more competitive market compared to the other industries. Industries A, B, and D have concentration ratios of 66 percent, 80 percent, and 90 percent, respectively, indicating higher levels of market concentration and less competition.

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