-In Exhibit L-2, the table shows the market shares of five firms that operate in three different industries. The highest concentration ratio appears in
A) Industry I
B) Industry II
C) Industry III
D) Industries I and III (their concentration ratios are identical)
E) Industries II and III (their concentration ratios are identical)

Question

-In Exhibit L-2, the table shows the market shares of five firms that operate in three different industries. The highest concentration ratio appears in
A) Industry I 
B) Industry II 
C) Industry III 
D) Industries I and III (their concentration ratios are identical) 
E) Industries II and III (their concentration ratios are identical)

Quizplus · Accepted Answer

Industry III has the highest concentration ratio, indicating that a few firms hold a large portion of the market share compared to the other industries.

-In Exhibit L-2, the Table Shows the Market Shares of Five