Table 16-1 the Following Table Shows the Percentage of Output Supplied by Supplied

question 370

Multiple Choice

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

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

• A) 29%
• B) 39%
• C) 44%
• D) 58%

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Definitions:

Minimization

The strategy or action of reducing or keeping something to its smallest amount or degree.

Justification

The act of providing reasons or explanations for behaviors, decisions, or beliefs.

Eye Contact

Direct visual connection between two individuals, signifying various social and emotional meanings.

Physical Contact

The act of touching or being in direct contact with another person or object.