The Following Table Shows the Dollar Amount of Sales in 2016

question 15

Multiple Choice

The following table shows the dollar amount of sales in 2016 for the four largest firms in the above-ground pool industry.Total industry sales in 2016 were $467,000.Use this table to answer the following questions:

-If Clear Water Island acquired Poolside Paradise,the concentration ratio would ________ and the market price of pools would likely ________.

• A) increase; fall
• B) increase; rise
• C) decrease; not change
• D) decrease; fall
• E) decrease; rise

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Definitions:

Lion Gate

A main entrance of the Bronze Age citadel of Mycenae in southern Greece, marked by a relief sculpture of two lionesses.

Theran Paintings

Wall paintings from the ancient city of Akrotiri on the island of Thera (Santorini), showcasing sophisticated frescoes with naturalistic motifs and figures.

Marble Figurines

Small, carved statues typically made from marble, representing human or mythological forms, often found in ancient Mediterranean cultures.

Cyclades

A group of islands in the Aegean Sea, significant in ancient Greek history and archaeology for their early Cycladic civilization.