Where the Herfindahl-Hirschman Index is less than 1,000, the market is regarded as
A)a monopoly.
B)an oligopoly.
C)competitive.
D)regulated.
E)none of the above

Question

Quizplus · Accepted Answer

According to the Herfindahl-Hirschman Index (HHI), a market with an HHI of less than 1,000 is considered to be highly competitive, with a large number of small firms competing in the market. Therefore, the correct choice is C.

Where the Herfindahl-Hirschman Index Is Less Than 1,000, the Market