What Is the Herfindahl Index of an Industry Made Up

question 99

Multiple Choice

What is the Herfindahl index of an industry made up of ten equal-sized firms?

• A)1,800
• B)10,000
• C)100
• D)1,000

---

Definitions:

S Corporation

A special designation that allows corporations to pass income directly to shareholders and avoid double taxation.

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and goals set out in a partnership agreement.

Revised Model Business Corporation Act (RMBCA)

A set of laws proposed to standardize the regulation of corporations in the United States, offering a template for state legislatures.

Incorporators

Individuals who participate in the creation of a corporation by preparing, signing, and filing its articles of incorporation with the relevant state authority.