-Based on the above table, which shows the firms and sales in an industry, what is the four-firm concentration ratio?
A) 55
B) 74
C) 100
D) $740 million

Question

-Based on the above table, which shows the firms and sales in an industry, what is the four-firm concentration ratio?
A) 55 
B) 74 
C) 100 
D) $740 million

Quizplus · Accepted Answer

The four-firm concentration ratio is calculated by summing the market shares of the four largest firms in the industry. The choice B, 74, likely represents the percentage of total industry sales accounted for by the top four firms.

-Based on the Above Table, Which Shows the Firms and Sales