-Refer to the above table. The four-firm concentration ratio is
A) 86.5 percent.
B) 33.3 percent.
C) 13.3 percent.
D) 11.6 percent.

Question

-Refer to the above table. The four-firm concentration ratio is
A) 86.5 percent. 
B) 33.3 percent. 
C) 13.3 percent. 
D) 11.6 percent.

Quizplus · Accepted Answer

The four-firm concentration ratio is calculated by adding the market shares of the four largest firms in the industry. Since the table is not visible, the correct answer (A) 86.5 percent suggests that the sum of the market shares of the top four firms equals 86.5 percent, indicating a high level of market concentration.

-Refer to the Above Table