The ________ the Herfindahl-Hirschman Index (HHI), the ________ the industry.
A) higher; less competitive
B) lower; less competitive
C) higher; more firms in
D) lower; more profitable

Question

Quizplus · Accepted Answer

The Herfindahl-Hirschman Index (HHI) measures market concentration. A higher HHI indicates a less competitive industry with fewer firms dominating the market.

The ________ the Herfindahl-Hirschman Index (HHI), the ________ the Industry

The the Herfindahl-Hirschman Index (HHI), the the Industry