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

question 37

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 C?

• A) 29%
• B) 39%
• C) 45%
• D) 56%

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Definitions:

Normative

Relating to an ideal standard or model, or based on what is considered to be the normal or correct way of doing something.

Milgram Experiment

A controversial study conducted in the 1960s, demonstrating people's willingness to obey authority figures, even to the point of inflicting harm on others.

Resist

To oppose or strive against something or someone; showing reluctance or opposition to accept or comply with changes, conditions, or regulations.

Experimenter

A person who conducts scientific tests and trials to explore hypotheses, investigate phenomena, or demonstrate principles.