If an Industry Consists of Only Two Firms with Equal

question 83

Multiple Choice

If an industry consists of only two firms with equal market shares, then the Herfindahl index is

• A)50
• B)100
• C)2, 500
• D)5, 000
• E)10, 000

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Definitions:

Phobic Disorder

A type of anxiety disorder characterized by an irrational and excessive fear of specific objects, activities, or situations.

Anhedonia

A condition characterized by the inability to experience pleasure from activities usually found enjoyable.

Cyclothymia

A mood disorder characterized by periods of mild depression and periods of hypomania, which are less severe than those in bipolar disorder.

Pleasurable

Describing an experience or sensation that is enjoyable and brings happiness or satisfaction.