-A Herfindahl index of 5,000 would indicate:
A)a monopoly.
B)a duopoly (two firms) with equal shares.
C)an oligopoly with three firms.
D)a monopolistically competitive industry.
E)a perfectly competitive market.

Question

-A Herfindahl index of 5,000 would indicate:
A)a monopoly. 
B)a duopoly (two firms) with equal shares. 
C)an oligopoly with three firms. 
D)a monopolistically competitive industry. 
E)a perfectly competitive market.

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The Answer of 
-A Herfindahl index of 5,000 would indicate:
A)a monopoly. 
B)a duopoly (two firms) with equal shares. 
C)an oligopoly with three firms. 
D)a monopolistically competitive industry. 
E)a perfectly competitive market.

-A Herfindahl Index of 5,000 Would Indicate