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:

Raw Materials

Basic materials and substances used in the initial stages of production and manufacturing processes.