Suppose There Are 51 Firms in a Market

question 59

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-Hirschman Index of this industry is

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

---

Definitions:

Obligatory Exercisers

Individuals who feel a compulsive need to exercise excessively, often driven by a psychological dependence on physical activity.

Eating Problems

Issues related to eating, such as eating disorders or unhealthy eating habits, that can negatively impact one's health.

Cardiovascular Problems

Health issues related to the heart and blood vessels, including coronary artery disease, hypertension, heart attack, and stroke.

Early Childhood

A developmental stage that typically refers to the period from birth to 8 years old, focusing on physical, cognitive, and emotional growth.