Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries.
-Refer to Table 16-1. What is the concentration ratio in Industry D?

Question

Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries. 
-Refer to Table 16-1. What is the concentration ratio in Industry D?

Quizplus · Accepted Answer

The concentration ratio is the percentage of output supplied by the top firms in an industry. To calculate the concentration ratio for Industry D, we add up the percentages of output supplied by the top 8 firms. 
Concentration Ratio = 18% + 13% + 10% + 8% + 5% + 2% + 1% + 1% = 58%. 
Therefore, the concentration ratio in Industry D is 58%. The best choice is C.

Table 16-1 the Following Table Shows the Percentage of Output Supplied by Supplied