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Table 16-1 The following table shows the percentage of outpu…

Table 16-1 The following table shows the percentage of output supplied by the top eight firms in four different industries. Firm Industry A Industry B Industry C Industry D 1 38% 18% 52% 23% 2 33 16 13 16 3 14 15 11 10 4 7 12 8 9 5 3 11 6 8 6 1 9 4 2 7 1 7 2 2 8 1 7 1 2 Refer to Table 16-1. Which industry is the most competitive? (Hint: use the concentration ratio)

Important Reminder: If you are disqualified, you will receiv…

Important Reminder: If you are disqualified, you will receive a zero on this test, and all other tests will be reviewed for violations. Furthermore, your name may be forwarded to the Dean, and your final grade could be reduced by one letter grade in accordance with the Academic Integrity Policy. Ensure your immediate working area is free of papers, including post-its. The use of electronics of any kind is prohibited, including calculators. and headphones. You are permitted to use a blank piece of white paper for scratch work, a pencil, an eraser, and your ID. Keep your gaze primarily on your computer screen. Use the built-in calculator in the proctoring software. Do not use any other calculators. Questions will be presented one at a time, and you will not be able to return to previous questions. Ensure your camera is properly set up so that proctors can see your face clearly at all times. A camera angle showing the floor, ceiling, or the top of your head is considered unfocused. Before you start the test, show  both  sides of your blank piece of paper to the camera. Remove all electronics (including your cell and calculator) from your working area. Good luck!!