The table above shows sales of the firms in the chocolate industry. The four-firm concentration ratio in the industry is
A) 52 percent.
B) 65 percent.
C) 72 percent.
D) 80 percent.
B
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The table below shows the weekly demand for hamburgers in a market where there are just three buyers.PriceQuantity Demanded by Buyer 1Quantity Demanded by Buyer 2Quantity Demanded by Buyer 3$6746597841510123211516Refer to the table. If there were 100 buyers in the market, each with a demand schedule identical to Buyer 3 in the table, then the weekly quantity of hamburgers demanded in the market at a price of $6 would be
A. 800. B. 700. C. 600. D. 400.
One World View article, "The Risks of China's Foreign-Exchange Stockpile," states that
A. The reserves of foreign exchange in China can cause inflation in China. B. China's reserves of currency can cause deflation in China. C. The dollar is undervalued. D. The trade imbalance is due to an overvalued yuan.
A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:
A. World Trade Organization. B. United Nations Development Plan. C. World Bank. D. International Monetary Organization.
The most efficient combination of resources in producing a given output is the combination that:
A. comes closest to using the same quantities of land, labor, capital, and entrepreneurial ability. B. minimize the cost per unit of output. C. uses the smallest total quantity of all resources. D. conserves most on the use of labor.