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The following table shows the total output produced by the top six firms as well as the total industry output for four industries. (8 Points)

The following table shows the total output produced by the top six firms as well as the total industry output for four industries. (8 Points)

Firm Industry A Industry B Industry C Industry D
1 13,250 8,750 1,750 15,000
2 10,975 7,500 1,725 14,000
3 8,175 6,400 1,700 13,000
4 4,275 5,000 1,675 12,000
5 1,250 4,250 1,650 11,000
6 875 4,000 1,625 10,000
Total 45,350 70,900 30,125 120,000

a. What is the concentration ratio for Industry A? (1 point)

b. What is the concentration ratio for Industry B? (1 point)

c. What is the concentration ratio for Industry C? (1 point)

d. What is the concentration ratio for Industry D? (1 point)

e. Rank the four industries by their concentration ratio (from highest ratio to lowest) and using the quartile rule, that is,

output is < or =25%-Competitive,

output > 25% and < or =50% -Monopolistic Competitive Low ,

output is >50% and < or =75%-Monopolistic Competitive High,

output is >75% and < 100% -Oligopoly

categorize each as competitive, monopolistic competitive low, monopolistic competitive high, or oligopoly (4 points)

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