Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry. 
-Refer to Table 16-2. What is the concentration ratio for Industry M?
Definitions:
Economic Rent
Amount that firms are willing to pay for an input less the minimum amount necessary to obtain it.
Factor Of Production
Resources used in the creation of goods and services, typically categorized into land, labor, capital, and sometimes entrepreneurship.
Supply Curve
A graphical representation of the relationship between the price of a good and the quantity supplied.
Marginal Revenue Product
The extra income obtained by using an additional unit of a production input while keeping other inputs unchanged.
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