Suppose That an Industry Consists of 100 Firms, and the Top

question 226

Multiple Choice

Suppose that an industry consists of 100 firms, and the top 4 firms have annual sales of $1 million, $1.5 million, $2 million, and $2.5 million, respectively. If the entire industry has annual sales of $8.5 million, the four-firm concentration ratio is approximately

• A) 82 percent.
• B) 50 percent.
• C) 94 percent.
• D) 70 percent.

---

Definitions:

Medication Interactions

Situations where one medication affects the activity, effectiveness, or side effects of another medication when taken together.

Secure Username

A unique identifier chosen by a user for access to a computer system that is designed to meet security standards.

Patient Portals

Online platforms that give patients access to personal health information and communication tools with their healthcare providers.

Communicate

The process of conveying information or expressing thoughts and feelings through speech, writing, or other mediums.