The following table shows the dollar amount of sales in 2016 for the four largest firms in the above-ground pool industry.Total industry sales in 2016 were $467,000.Use this table to answer the following questions:

-The four-firm concentration ratio in this industry is __________ percent.
A) 24
B) 41
C) 62
D) 78
E) 94

Question

The following table shows the dollar amount of sales in 2016 for the four largest firms in the above-ground pool industry.Total industry sales in 2016 were $467,000.Use this table to answer the following questions:
 
-The four-firm concentration ratio in this industry is __________ percent.
A) 24 
B) 41 
C) 62 
D) 78 
E) 94

Quizplus · Accepted Answer

The Answer of The following table shows the dollar amount of sales in 2016 for the four largest firms in the above-ground pool industry.Total industry sales in 2016 were $467,000.Use this table to answer the following questions:
 
-The four-firm concentration ratio in this industry is __________ percent.
A) 24 
B) 41 
C) 62 
D) 78 
E) 94

The Following Table Shows the Dollar Amount of Sales in 2016