Suppose the Market Share of the fiVe Largest fiRms in an Industry

question 64

Multiple Choice

Suppose the market share of the five largest firms in an industry is equal to 31%, 17%, 8%, 5% and 1% respectively. What is the five-firm concentration ratio for the industry?

• A) 62%
• B) 93%
• C) 31%
• D) 5%

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Definitions:

Income Family

Typically refers to the collective earnings of all members of a family, impacting their economic status and lifestyle choices.

Career Aspirations

The goals or objectives individuals have for their work life, encompassing positions, achievements, and roles they wish to attain.

Alpha Bias

Refers to the tendency to exaggerate differences between men and women, often valuing one gender over the other in psychological research or theory.

Across-group Variability

This refers to the differences or variations that exist between different groups, often used in comparisons within research studies.