The Accompanying Table Shows the Total Dollar Amount of Sales

question 12

Multiple Choice

The accompanying table shows the total dollar amount of sales in 2012 for the four largest firms in the adhesive manufacturing industry. Total industry sales in 2012 were $782,000. Use this table to answer the questions. $\begin{array}{lr}\text { Firm Name }&\text { Dollar Amount of Sales in } 2012\\\text { Ghes R Us, Inc. } & \$ 362,000 \\\text { Ghe Down, Inc. } & \$ 105,000 \\\text { Sticky, Inc. } & \$ 85,000 \\\text { All Ghes, Inc. } & \$ 76,000 \\\text { All other firms in industry combined } & \$ 154,000\end{array}$
-What is the four-firm concentration ratio in this industry?

• A) 20%
• B) 40%
• C) 60%
• D) 80%
• E) 100%

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Definitions:

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