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Table 1 6 - 1 The following table shows the output produced by each of the top eight firms in four industries as well as

Table 16-1
The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries.
Firm Industry A Industry B Industry C Industry D
150,00018,00037,00040,000
247,00017,75036,50039,000
343,00017,25035,50037,000
438,00016,50034,00034,000
532,00015,50032,00030,000
625,00014,25029,50025,000
717,00012,75026,50019,000
88,00011,00023,00012,000
Total 270,000130,000300,000250,000
Refer to Table 16-1. What is the concentration ratio for Industry A?
Select one:
a.
Approximately 52%
b.
Approximately 66%
c.
Approximately 58%
d.
Approximately 72%

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