Question

Table 16-1 The following table shows the percentage of output supplied by the top eight firms...

  1. Table 16-1
    The following table shows the percentage of output supplied by the top eight firms in four different industries.

    Firm

    Industry A

    Industry B

    Industry C

    Industry D

    1

    38%

    18%

    52%

    23%

    2

    33

    16

    13

    16

    3

    14

    15

    11

    10

    4

    7

    12

    8

    9

    5

    3

    11

    6

    8

    6

    1

    9

    4

    2

    7

    1

    7

    2

    2

    8

    1

    7

    1

    2

    Refer to Table 16-1. What is the concentration ratio in Industry A?

    a.

    98%

    b.

    92%

    c.

    71%

    d.

    38%

Homework Answers

Answer #1

option a

the concentration ratio is a sum of the share of each firm and there are two types of it 4 firm and 8 firms as given there are 8 firms so the 8 firms concentration ratio is 98%

Firm Industry A Industry B Industry C Industry D
1 38.00 18% 52% 23%
2 33.00 16 13 16
3 14.00 15 11 10
4 7.00 12 8 9
5 3.00 11 6 8
6 1.00 9 4 2
7 1.00 7 2 2
8 1.00 7 1 2
8 firm CR 98.00 77.18 45.52 49.23
4 firm CR 92.00 43.18 32.52 35.23
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