Refer to Table 16-1. What is the concentration ratio for Industry C?

A) Approximately 25%
B) Approximately 36%
C) Approximately 48%
D) Approximately 58%

Question

Refer to Table 16-1. What is the concentration ratio for Industry C?A) Approximately 25%B) Approximately 36%C) Approximately 48%D) Approximately 58%

Esther candio · Accepted Answer

Final Answer : C, Explanation :   The concentration ratio for Industry C is calculated by adding the outputs of the top four firms and dividing by the total industry output, then multiplying by 100 to get a percentage. For Industry C, this is   37 , 000 + 36 , 500 + 35 , 500 + 34 , 000 300 , 000 × 100 ≈ 48 % \frac{37,000 + 36,500 + 35,500 + 34,000}{300,000} 	imes 100 \approx 48\% 300 , 000 37 , 000 + 36 , 500 + 35 , 500 + 34 , 000 ​ × 100 ≈ 48%  .

Refer to Table 16-1. What is the concentration ratio for Industry C?

A) Approximately 25%
B) Approximately 36%
C) Approximately 48%
D) Approximately 58%

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