Use the information below to answer the following questions.
Fact 14.1.1
For automobiles the HHI is 2,350, for sporting goods it is 161, for batteries it is 2,883, and for jewellery it is 81.
-Refer to Fact 14.1.1. The market for batteries is ________ and the market for jewellery is ________.

Question

Quizplus · Accepted Answer

The battery market has a very high HHI score of 2,883, which indicates a high level of concentration and few competitors, suggesting an oligopoly. On the other hand, the jewellery market has a low HHI score of 81, which indicates a lower concentration and many competitors, suggesting monopolistic competition. Therefore, option D is the best choice.

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