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

-Refer to Table 16-2.What is the concentration ratio for Industry D?
A)13%
B)35%
C)45%
D)63%

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 four industries.
 
-Refer to Table 16-2.What is the concentration ratio for Industry D?
A)13% 
B)35% 
C)45% 
D)63%

Quizplus · Accepted Answer

To calculate the concentration ratio, we sum up the market share percentages of the top six firms. For Industry D, the sum of the market share percentages of the top six firms is 45% (15% + 10% + 8% + 6% + 4% + 2%). Therefore, the concentration ratio for Industry D is 45%.

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