Table 252 Refer to Table 25

question 31

Multiple Choice

Table 25.2 $$\begin{array} { | l | r | c | } \hline { \text { Pool Sweeper } } & \text { Output (Revenue) } & \text { Market Share (\%) } \\\hline \text { North Star } & \$ 20,000 & \\\hline \text { Hurricarne } & \$ 16,000 & \\\hline \text { Blue Lagoon } & \$ 2,000 & \\\hline \text { Clean Sweep } & \$ 2,000 & \\\hline\end{array}$$ Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.What is the Herfindahl-Hirschman Index for this industry?

• A)2,500.
• B)50.
• C)4,150.
• D)4,125.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a response to perceived threats or stress.

Five-level Hierarchy

Typically refers to a structured framework organized into five distinct levels, often used in hierarchical classification systems or organizational structures.

Oversimplification

The act of describing or explaining something in such a simplified way that it fails to represent the complexity of the subject accurately.

Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.