If the Herfindahl-Hirschman index (HHI) for an industry is 900, this market is considered:
A) a strongly competitive market.
B) a somewhat competitive market.
C) oligopolistic.
D) monopolistic.
Correct Answer:
Verified
Q183: There are only two gas stations in
Q184: Dell and Gateway are close competitors in
Q185: Both monopolists and cartel members will find
Q189: Two large universities, Humongous State (HSU) and
Q190: An industry is made up of five
Q191: An oligopoly may result from:
A)increasing returns to
Q192: Two large electronic retailers, Biggest Buy and
Q193: Why do the United States and many
Q245: Given the large amount of interdependence among
Q272: Oligopolies are industries:
A) dominated by one seller
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents