Match the Description in the Left Column with One of the Two

question 35

Multiple Choice

Match the description in the left column with one of the two programs in the right column. The same letter may be used more than once.
-​Financed by trust funds from Social Security

• A)Medicaid
• B)Medicare

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Definitions:

Herfindahl Index

A measure of market concentration used to gauge the level of competition within an industry by calculating the sum of the squares of the market shares of each firm.

Concentration Ratio

A measure used in economics to assess the degree of market concentration, indicating the market share held by the largest firms in the industry.

Oligopolistic Manufacturers

Companies in an industry where a small number of firms hold a large market share, significantly influencing market dynamics.

Concentration Ratios

Measures that indicate the extent of competition within a market by showing the market share of the largest firms.