Suppose There Are 51 Firms in a Market

question 66

Multiple Choice

Suppose there are 51 firms in a market. The largest firm has sales of $50 million and each of the other firms has sales of $1 million. The Herfindahl-Hirshman Index of this industry is

• A) 2,500.
• B) 2,501.
• C) 2,550.
• D)50

---

Definitions:

Golden Rule

A moral or ethical principle that suggests treating others as one would wish to be treated themselves, often emphasized in various religious and philosophical traditions.

Inverted Pyramid

A method of writing used in news articles where information is presented in descending order of importance.

Op-Eds

Opinion pieces that usually concern current issues.

White Papers

Detailed reports or guides designed to educate or persuade stakeholders about a particular issue, solution, or product, often used in marketing and policy discussions.