Table 16-2 the Following Table Shows the Total Output Produced by the by the Top

question 12

Multiple Choice

Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry.

-Refer to Table 16-2.What is the concentration ratio for Industry A?

• A) about 71%
• B) about 81%
• C) about 88%
• D) 100%

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Definitions:

Outgroups

Groups of people that do not belong to one's own group, which is considered the "in-group", often leading to prejudice against them.

Self-Serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors, protecting self-esteem.

Scapegoat Theory

A social psychology concept that explains the tendency to blame someone else for one's own problems, often as a way of deflecting attention from one's own failures.

Outgroups

Any group with which an individual does not identify, often viewed oppositely to the in-group and sometimes subject to biases and stereotypes.