There Are Five Firms in the Cresset Industry

question 178

Multiple Choice

There are five firms in the cresset industry.The market shares of the five firms are 60 percent, 15 percent, 15 percent, 6 percent, and 4 percent.The Herfindahl index is

• A)96
• B)4, 086
• C)10, 000
• D)4, 102
• E)4, 100

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Definitions:

Contamination

The process or state of making something impure or unsuitable by contact or mixture with something unclean, bad, or harmful.

Overweight People

Individuals having more body fat than is optimally healthy, generally measured by a body mass index (BMI) over the healthy range.

Depression

A common and serious medical illness that negatively affects how one feels, thinks, and acts, leading to feelings of sadness and/or a loss of interest in activities once enjoyed.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severe restrictions on food intake and extreme weight loss.