Suppose an Industry Has Total Sales of $25 Million Per

question 295

Multiple Choice

Suppose an industry has total sales of $25 million per year. The two largest firms have sales of $6 million each, the third largest firm has sales of $2 million, and the fourth largest firm has sales of $1 million. The four-firm concentration ratio for this industry is

• A) 36 percent.
• B) 60 percent.
• C) 50 percent.
• D) 25 percent.

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Definitions:

Organic

Refers to foods that are grown or produced without the use of synthetic pesticides, chemical fertilizers, genetically modified organisms, or ionizing radiation.

Portion Size

The amount of a particular food that is served or consumed in one occasion, impacting calorie intake and nutritional balance.

Healthy Diet

A balanced consumption of food that provides the necessary nutrients to support overall health and body function.

Mercury

A heavy metal that can be found in the environment and in certain foods, such as fish, and is toxic to humans in high amounts.