If There Are Two Firms in an Industry and Each

question 135

Multiple Choice

If there are two firms in an industry and each has 50 percent market share, then the Herfindahl-Hirschman Index equals

• A) 2,500.
• B) 2,800.
• C) 5,000.
• D) 6,600.

Distinguish between different communication platforms within Office 365 and their specific uses.

Compare the usefulness of Office 365 to businesses with previous versions of Office.

Recognize Office 365's solutions for synchronizing and accessing data across devices.

Understand the purpose and capabilities of SharePoint Online as a collaboration tool within Office 365.

---

Definitions:

Sales Taxes

Taxes imposed by governments on the sale of goods and services.

Regressive

A type of tax system in which the tax rate decreases as the taxable amount increases, often placing a higher burden on lower-income earners.

Inelastic Supply

A situation where the supply of a good does not significantly change when its price changes, often due to limitations in production capabilities or time constraints.

Excise Tax

A tax imposed on specific goods or services, such as tobacco and alcohol, often intended to discourage their use or generate revenue.