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.

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Definitions:

Hypoglossal Nerve

The twelfth cranial nerve, responsible for motor innervation of the muscles of the tongue, enabling speech and swallowing.

Unilateral Damage

Injury or harm affecting only one side of the body or one organ.

Lateral View

An outlook or representation from the side of an object or body.

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information and is involved in speech, memory, and emotional responses.