If the Herfindahl-Hirschman Index in the Market for Single-Use Cameras

question 35

Multiple Choice

If the Herfindahl-Hirschman Index in the market for single-use cameras equals 10,000, then the single-use camera industry is best characterised as

• A) perfect competition.
• B) monopolistic competition.
• C) a monopoly.
• D) an oligopoly.
• E) either a monopoly or monopolistic competition.

---

Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue by comparing net credit sales to the average accounts receivable.

Net Receivables

The amount of money expected to be received from accounts receivable after deducting allowances for bad debts or discounts.

Formal Instrument of Credit

A written document that acknowledges debt and specifies the terms under which it will be repaid.

Note Receivable

Note receivable is a financial asset representing a written promise to receive a specific amount of money, plus interest, by a certain date.