-Using Concentration Ratios,which Is the More Concentrated Industry?
A)Industry X

question 115

Multiple Choice

$~~~~~{ \text { Industry } \mathbf { X } } ~~~~~~~~~~~~~ { \text { Industry } \mathbf { Y } } \\\begin{array} { c c c c } & \text { Market }& & { \text { Market } } \\\text { Firm } &\text { Share } & \text { Firm } & \text { Share } \\1 & .40 & 1 & .30 \\2 & .20 & 2 & .30 \\3 & .10 & 3 & .30 \\4 & .10 & 4 & .05 \\5 & .10 & 5 & .03 \\6 & .10 & 6 & .02\end{array}$
-Using concentration ratios,which is the more concentrated industry?

• A)Industry X with a concentration ratio of 80.
• B)Industry Y with a concentration ratio of 95.
• C)Both industries have the same concentration ratio of 100.
• D)There is no way to determine which industry has the higher concentration ratio.

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