The Gap Between the Salary of Chris Hemsworth and an Unknown

question 28

Multiple Choice

The gap between the salary of Chris Hemsworth and an unknown actor is over $15 million per movie. This difference means that Mr. Hemsworth's value of marginal product is

• A) less than $15 million greater than value of the marginal product of the unknown actor.
• B) equal to the value of the marginal product of the unknown actor.
• C) over $15 million greater than the value of the marginal product of the unknown actor.
• D) $15 million greater than the value of the marginal product of the unknown actor.
• E) More information is need to make the comparison.

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Definitions:

Herfindahl-Hirschman Index

A measure used to assess the level of market concentration and competition within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Concentration Ratio

A measure of the total market share that is controlled by a specified number of the largest firms in the industry.

Market Share

The portion of total industry revenue attributed to a specific company over a predetermined time frame.

Concentration Ratio

A measure of the market share controlled by the largest firms within an industry, used to indicate the degree of market competition.