5. Interpreting concentration ratios The following table shows the four-firm concentration ratios of various industries. Industry Computer and electronic parts Greeting cards Photo equipment and supplies Plastics and rubber product manufacturing Coffee and tea manufacturing Four-Firm Concentration Ratio. 19 80 78 10.5 52.5 Based on the data presented in the table, in which of the following industries are sales most concentrated among the four largest firms? Plastics and rubber product manufacturing O Greeting cards O Computer and electronic parts Photo equipment and supplies O Coffee and tea manufacturing
5. Interpreting concentration ratios The following table shows the four-firm concentration ratios of various industries. Industry Computer and electronic parts Greeting cards Photo equipment and supplies Plastics and rubber product manufacturing Coffee and tea manufacturing Four-Firm Concentration Ratio. 19 80 78 10.5 52.5 Based on the data presented in the table, in which of the following industries are sales most concentrated among the four largest firms? Plastics and rubber product manufacturing O Greeting cards O Computer and electronic parts Photo equipment and supplies O Coffee and tea manufacturing
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![5. Interpreting concentration ratios
The following table shows the four-firm concentration ratios of various industries.
Industry
Computer and electronic parts
Greeting cards
Photo equipment and supplies
Plastics and rubber product manufacturing
Coffee and tea manufacturing
Four-Firm Concentration Ratio:
19
80
78
10.5
52.5
Based on the data presented in the table, in which of the following industries are sales most concentrated among the four largest firms?
Plastics and rubber product manufacturing
Greeting cards
O Computer and electronic parts
Photo equipment and supplies
O Coffee and tea manufacturing](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e8cac90-2023-4811-8ed8-98829fbb3078%2Ff96c6dbc-7d6b-46eb-8c7b-474d43848a28%2Fa7xfbqv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. Interpreting concentration ratios
The following table shows the four-firm concentration ratios of various industries.
Industry
Computer and electronic parts
Greeting cards
Photo equipment and supplies
Plastics and rubber product manufacturing
Coffee and tea manufacturing
Four-Firm Concentration Ratio:
19
80
78
10.5
52.5
Based on the data presented in the table, in which of the following industries are sales most concentrated among the four largest firms?
Plastics and rubber product manufacturing
Greeting cards
O Computer and electronic parts
Photo equipment and supplies
O Coffee and tea manufacturing
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