-A market has 4 firms in it.The market shares are in the table above.The table represents a(n) ________ market because its ________.
A) competitive; Herfindahl-Hirschman Index (HHI) equals 1425
B) competitive; four-firm concentration ratio equals 65 percent
C) uncompetitive; Herfindahl-Hirschman Index (HHI) equals 65 percent
D) perfectly competitive; Herfindahl-Hirschman Index (HHI) is less than 1500
E) uncompetitive; four-firm concentration ratio exceeds 60 percent
Correct Answer:
Verified
Q36: The four-firm concentration ratio is the percentage
Q37: Which of the following four-firm concentration ratios
Q38: The United Company competes with many other
Q39: As a firm in monopolistic competition sets
Q40: Because of product differentiation,firms
A) do not have
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