If the Five-Firm Concentration Ratio in an Oligopolistic Industry Is

question 31

Multiple Choice

If the five-firm concentration ratio in an oligopolistic industry is 100 percent and each firm has an equal share of the market,the Herfindahl-Hirschman Index is:

• A)10,000.
• B)2,000.
• C)2,500.
• D)400.

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Definitions:

Sources Of Power

the origins from which an individual or organization can exert influence over others, typically classified into categories such as legitimate, reward, coercive, expert, and referent power.

Company Procedures

The established methods and protocols followed by an organization to ensure consistent and effective day-to-day operations and decision-making.

Maintenance Procedures

Guidelines and tasks designed to keep equipment or systems operating efficiently and prevent breakdowns.

Production Equipment

Machinery and tools that are used in the manufacturing process to create products or handle materials.