Table 12.1
-Refer to Table 12.1.The four-firm concentration ratio of the cigarette industry is equal to
A) 48%.
B) 54%.
C) 71%.
D) 81%.

Name: Table 12.1 -Refer to Table 12.1.The four-firm concentration ratio of the cigarette industry is equal to A) 48%. B) 54%. C) 71%. D) 81%.
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Question

Table 12.1
-Refer to Table 12.1.The four-firm concentration ratio of the cigarette industry is equal to
A) 48%. 
B) 54%. 
C) 71%. 
D) 81%.

Quizplus · Accepted Answer

The four-firm concentration ratio is equal to the sum of the market share percentages of the four largest firms in the industry. In this case, the sum is 71%, which is the highest answer choice listed.

Table 12.1 -Refer to Table 12.1.The Four-Firm Concentration Ratio of the Cigarette