The accompanying table shows the dollar amount of sales in 2012 for the four largest firms in the above-ground pool industry. Total industry sales in 2012 were $467,000. Use this table to answer the questions. $\begin{array}{lr}\text { Firm Name }&\text { Dollar Amount of Sales in } 2012\
\text { Bhre Water Island, Inc. } & \$ 112,000 \
\text { Backyard Paradise, Inc. } & \$ 47,000 \
\text { Tropical Waters, Inc. } & \$ 19,000 \
\text { Poolside Plastics, Inc. } & \$ 14,000 \
\text { All other firms in industry combined. } & \$ 275,000
\end{array}$
-What is the four-firm concentration ratio in this industry?

Question

The accompanying table shows the dollar amount of sales in 2012 for the four largest firms in the above-ground pool industry. Total industry sales in 2012 were $467,000. Use this table to answer the  questions. $\begin{array}{lr}\text { Firm Name }&\text { Dollar Amount of Sales in } 2012\
\text { Bhre Water Island, Inc. } & \$ 112,000 \
\text { Backyard Paradise, Inc. } & \$ 47,000 \
\text { Tropical Waters, Inc. } & \$ 19,000 \
\text { Poolside Plastics, Inc. } & \$ 14,000 \
\text { All other firms in industry combined. } & \$ 275,000
\end{array}$
-What is the four-firm concentration ratio in this industry?

Quizplus · Accepted Answer

The Answer of The accompanying table shows the dollar amount of sales in 2012 for the four largest firms in the above-ground pool industry. Total industry sales in 2012 were $467,000. Use this table to answer the  questions. $\begin{array}{lr}\text { Firm Name }&\text { Dollar Amount of Sales in } 2012\
\text { Bhre Water Island, Inc. } & \$ 112,000 \
\text { Backyard Paradise, Inc. } & \$ 47,000 \
\text { Tropical Waters, Inc. } & \$ 19,000 \
\text { Poolside Plastics, Inc. } & \$ 14,000 \
\text { All other firms in industry combined. } & \$ 275,000
\end{array}$
-What is the four-firm concentration ratio in this industry?

The Accompanying Table Shows the Dollar Amount of Sales in 2012