The Herfindahl-Hirschman Index (HHI) is a measure of concentration found by:
A) squaring the percentage share of each firm in the industry.
B) squaring the percentage share of each firm in the industry and then summing the squared market shares.
C) summing the percentage shares of each firm in the industry.
D) squaring the sums of the concentrations ratios found in an industry survey of the largest 4 and largest 8 firms.
Correct Answer:
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Q83: A concentration ratio is used to measure:
A)
Q84: In general, the higher the concentration ratio
Q85: A perfectly competitive industry will have a
Q86: A monopoly will have a Herfindahl-Hirschman Index
Q87: The largest HHI possible is in the
Q89: Concentration ratios are:
A) based on surveys of
Q90: The industry characterized by a few interdependent
Q91: In oligopoly, a firm must realize:
A) that
Q92: A way to measure the degree of
Q93: Oligopoly is a market structure characterized by:
A)
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