Table 16-1The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries.FirmIndustry AIndustry BIndustry Cİndustry D150,00018,00037,00036,50035,50040,000247,00017,75039,0003.43,00017,25037,000438,00016,50034,00034,00032,00015,50032,00030,00025,00014,25029,50025,00017,00012,75026,50019,00012,0008,00011,00023,000Total270,000130,000300,000250,000Refer to Table 16-1. Which industry has the highest concentration ratio?Oa. Industry AOb. Industry DOc. Industry BOd. Industry C

Concentration ratio is used to assess the extent to which a given market is oligopolistic.

The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries. Firm Industry A Industry B Industry D 40,000 Industry C 1 50,000 18,000 37,000 36,500 35,500 2 47,000 17,750 39,000 43,000 17,250 37,000 4 38,000 16,500 34,000 34,000 32,000 15,500 32,000 30,000 25,000 14,250 29,500 25,000 26,500 23,000 17,000 12,750 19,000 8 8,000 11,000 12,000 Total 270,000 130,000 300,000 250,000 Refer to Table 16-1. Which industry has the highest concentration ratio? Da. Industry A Ob. Industry D Oc. Industry B

The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries. Firm Industry A Industry B Industry D 40,000 Industry C 1 50,000 18,000 37,000 36,500 35,500 2 47,000 17,750 39,000 43,000 17,250 37,000 4 38,000 16,500 34,000 34,000 32,000 15,500 32,000 30,000 25,000 14,250 29,500 25,000 26,500 23,000 17,000 12,750 19,000 8 8,000 11,000 12,000 Total 270,000 130,000 300,000 250,000 Refer to Table 16-1. Which industry has the highest concentration ratio? Da. Industry A Ob. Industry D Oc. Industry B

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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