If There Are Only Two Firms in an Industry, the Value

question 150

True/False

If there are only two firms in an industry, the value of the Herfindahl index must be 5, 000.

---

Definitions:

Standard Deviation

A representation of the scale of fluctuation or diversity among variables in a data series.

Archer

A person who practices archery, the skill of using a bow to shoot arrows.

Computer Chip

A small piece of semiconducting material, typically silicon, on which an integrated circuit is embedded.

Presale Testing

The evaluation of products or services before they are made available for sale to assess their market potential and customer response.