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

question 201

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)13%
• B)32%
• C)52%
• D)84%

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time due to use, wear, or obsolescence.

Double-Declining-Balance

A method of accelerated depreciation that doubles the rate at which an asset loses value compared to straight-line depreciation.

Units-Of-Output

A depreciation method that allocates the cost of an asset based on the number of units it produces.

Straight-Line

A method of calculating depreciation of an asset by evenly spreading the cost over its useful life.