What Is the Four-Firm Concentration Ratio If the Four Largest

question 122

Multiple Choice

What is the four-firm concentration ratio if the four largest firms in an industry account for 5 percent,6 percent,7 percent,and 8 percent of total revenue?

• A)26 percent
• B)174 percent
• C)1,680
• D)There is enough information given to answer the question,but none of the answers above are correct.
• E)There is not enough information given to answer the question.

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Definitions:

Occupational Prestige

A measure of how society values a particular profession or job based on factors such as income, education required, and perceived social importance.

Female-Dominated

Refers to fields or sectors where women represent the majority of workers or participants.

Blue Collar

Refers to workers who perform manual labor, often in industries related to manufacturing, construction, and maintenance.

White Collar

Refers to jobs or workers majorly involved in non-manual, office-based work, typically implying a certain social status or level of education.