The Justice Department of the U.S.classifies the industries on the basis of the Herfindahl index as:
A) below 500: highly competitive; 500-1000: moderately competitive; above 1000: highly concentrated.
B) below 1000: highly competitive; 1000-1500: moderately competitive; above 1500: highly concentrated.
C) below 500: highly competitive; 500-1500: moderately competitive; above 1500: highly concentrated.
D) below 1000: highly competitive; 1000-1800: moderately competitive; above 1800: highly concentrated.
E) below 1500: highly competitive; 1500-2000: moderately competitive; above 2000: highly concentrated.
Correct Answer:
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