The Table Below Shows the Market Shares for the Only

question 70

Multiple Choice

The table below shows the market shares for the only firms in a domestic cement market.
TABLE 11-1
-Refer to Table 11-1.The eight-firm concentration ratio in this industry is ________%.

• A)100
• B)92
• C)85
• D)67
• E)45

---

Definitions:

Competent

Possessing the necessary ability, knowledge, or skill to perform a specific task or job effectively and efficiently.

High Status

A position that garners substantial prestige, respect, and esteem within a societal or organizational hierarchy.

Social Cognitive Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others, in addition to the influence of beliefs, expectations, and intentions.

Self-Efficacy Beliefs

An individual’s belief in their ability to succeed in specific situations or accomplish a task.