If There Are Five Firms in an Industry, Each with a Market

question 132

Multiple Choice

If there are five firms in an industry, each with a market share of 20 percent, the Herfindahl-Hirschman Index (HHI) of concentration is

• A) 2000.
• B) 400.
• C) 100.
• D) 20.

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Definitions:

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Procedures used to eliminate any microorganisms from an area. Also called sterile technique.

Procedure-Related Accident

An unintended event or complication that occurs as a direct result of a surgical or medical intervention.

Manifest Content

In psychoanalytic theory, particularly in the context of Sigmund Freud's work, this term refers to the actual literal content and storyline of a dream as remembered by the dreamer.

Latent Content

The underlying, unconscious thoughts and feelings that a dream represents, in psychoanalytic theory.