The following table shows the four-firm concentration ratios of various industri

Question

The following table shows the four-firm concentration ratios of various industries. Industry Breakfast cereals Computer and electronic parts Coffee and tea manufacturing Photo equipment and supplies Greeting cards Four-Firm Concentration Ratio 85 19 52.5 78 80 Based on the data presented in the table, in which of the following industries are sales most concentrated among the four largest firms? Coffee and tea manufacturing O Photo equipment and supplies Breakfast cereals Computer and electronic parts

Explanation / Answer

Breakfast cereals

the above is the answer

because it has highest 85 concentration ratio

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