The following table shows the total dollar amount of sales in 2012 for the four largest firms in the adhesive manufacturing industry.Total industry sales in 2012 were $782,000.Use this table to answer the following questions:

-The four-firm concentration ratio in this industry is __________ percent.
A) 20
B) 40
C) 60
D) 80
E) 100

Question

The following table shows the total dollar amount of sales in 2012 for the four largest firms in the adhesive manufacturing industry.Total industry sales in 2012 were $782,000.Use this table to answer the following questions:
 
-The four-firm concentration ratio in this industry is __________ percent.
A) 20 
B) 40 
C) 60 
D) 80 
E) 100

Quizplus · Accepted Answer

The Answer is D

The Following Table Shows the Total Dollar Amount of Sales