The Herfindahl-Hirschman index is a measure of concentration found by:
A) squaring the percentage market share of each firm in the industry.
B) squaring the percentage market share of each firm in the industry and then summing the squared market shares.
C) summing the percentage market shares of each firm in the industry.
D) squaring the sums of the concentration ratios found in an industry survey of the largest four and largest eight firms.
Correct Answer:
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B)there are
Q8: An industry that is dominated by a
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Q10: The sum of the squared market shares
Q11: A firm that is in an oligopoly
Q13: The MOST important source of oligopoly in
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Q15: An industry characterized by a few interdependent
Q16: An industry is dominated by a few
Q17: Oligopoly is a market structure that is
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