Table 16-1
the Following Table Shows the Output Produced by Each

question 42

Multiple Choice

Table 16-1
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.
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$$\begin{array} { | c | c | c | c | c | } \hline \text { Firm } & \text { Industry A } & \text { Industry B } & \text { Industry C } & \text { Industry D } \\\hline 1 & 50,000 & 18,000 & 37,000 & 40,000 \\\hline 2 & 47,000 & 17,750 & 36,500 & 39,000 \\\hline 3 & 43,000 & 17,250 & 35,500 & 37,000 \\\hline 4 & 38,000 & 16,500 & 34,000 & 34,000 \\\hline 5 & 32,000 & 15,500 & 32,000 & 30,000 \\\hline 6 & 25,000 & 14,250 & 29,500 & 25,000 \\\hline 7 & 17,000 & 12,750 & 26,500 & 19,000 \\\hline 8 & 8,000 & 11,000 & 23,000 & 12,000 \\\hline \text { Total } & \mathbf { 2 7 0 , 0 0 0 } & \mathbf { 1 3 0 , 0 0 0 } & \mathbf { 3 0 0 , 0 0 0 } & \mathbf { 2 5 0 , 0 0 0 } \\\hline\end{array}$$ ​
-Refer to Table 16-1. What is the concentration ratio for Industry C?

• A)Approximately 25%
• B)Approximately 36%
• C)Approximately 48%
• D)Approximately 58%

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Definitions:

Time Utility

The value added to products or services by making them available at a convenient time for consumers.

Nonstore Retailing

Retail operations that sell products to consumers through channels other than traditional brick-and-mortar stores, such as online shopping, catalog mail order, and direct selling.

Vending Machines

Automated machines that sell items such as snacks, beverages, and tickets to consumers after money, a credit card, or a specially designed card is inserted into the machine.

Free Association

A psychoanalytic technique in which a patient voices thoughts as they occur, without critical filtering, to uncover unconscious processes.