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Question
The following table shows the four-firm concentration ratios for five separate industries. Use this table to answer the following questions:
Industry | Four-Firm Concentration Ratio (%) |
| Beer brewing | 91 |
| Breakfast cereals | 78 |
| Chocolate confections | 69 |
| Adhesive manufacturing | 24.7 |
| Plastics product manufacturing | 5.6 |
In which two industries is market power the most concentrated?
a. beer brewing and adhesive manufacturing
b. breakfast cereals and adhesive manufacturing
c. chocolate confections and adhesive manufacturing
d. adhesive manufacturing and plastics product manufacturing
e. beer brewing and breakfast cereals
Answer
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