According to the Herfindahl index, the U.S banking industry is _____ concentrated than that of most developed economies.
A) more
B) less
C) equally
D) The Herfindal index is not a measure of concentration.

Question

Quizplus · Accepted Answer

The Herfindahl index is a measure of market concentration, and studies have shown that the U.S banking industry is less concentrated compared to that of most developed economies, with a larger number of smaller banks coexisting alongside the major ones.

According to the Herfindahl Index, the U