What Is the Four-Firm Concentration Ratio If the Four Largest

question 100

Multiple Choice

What is the four-firm concentration ratio if the four largest firms in an industry account for 5 percent,6 percent,7 percent,and 8 percent of total revenue?

• A) 26 percent
• B) 174 percent
• C) 1,680
• D) There is enough information given to answer the question, but none of the answers above is correct.
• E) There is not enough information given to answer the question.

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Definitions:

Chemical Secreted into Blood

Substances released by cells or glands into the bloodstream to act on distant target organs or tissues.

Specialized Cells

Cells that have developed distinct characteristics and functions, adapted to perform a specific role within an organism.

Endocrine

Relating to glands that secrete hormones directly into the bloodstream to regulate various bodily functions.

Exocrine

Glands that release their secretions outside the body or into a hollow organ, as opposed to directly into the bloodstream.