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Table 1 6 - 1 The following table shows the percentage of output supplied by the top eight firms in four different industries. Firm Industry

Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries.
Firm
Industry W
Industry X
Industry Y
Industry Z
1
0.26
0.44
0.11
0.36
2
0.14
0.28
0.07
0.15
3
0.11
0.12
0.06
0.09
4
0.07
0.06
0.05
0.02
5
0.06
0.03
0.04
0.02
6
0.04
0.03
0.03
0.01
7
0.03
0.02
0.02
0.01
8
0.01
0.01
0.01
0.01
Refer to Table 16-1. Which industry is the most competitive?
Group of answer choices
Industry Z
Industry X
Industry Y
Industry W

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