The Herfindahl-Hirschman Index Equals _____ When _____ Have/has _____% of the Market

question 239

Multiple Choice

The Herfindahl-Hirschman index equals _____ when _____ have/has _____% of the market.

• A)10,000;four firms each;25
• B)5,000;three firms each;33
• C)5,000;two firms each;50
• D)100,000;one firm;100

---

Definitions:

Cognitive Theory

A psychological approach that emphasizes mental processes such as perception, memory, and problem-solving as central to understanding behavior.

Information-Processing Approach

The information-processing approach is a cognitive framework that examines how humans encode, process, store, and retrieve information, similar to the operations of a computer.

Passive Participant

Refers to an individual engaging in an activity or experiment with minimal involvement or without actively influencing the outcome or process.

Cognitive Development

Refers to the growth and change in intellectual capabilities, such as thought, reasoning, and problem-solving, that occur throughout a person's lifespan.