Industries with an HHI of Under 1,000 Are Considered Unconcentrated

question 219

True/False

Industries with an HHI of under 1,000 are considered unconcentrated, and any proposed merger would go unchallenged by the Justice Department.

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Definitions:

Notes Payable

Written promises to pay a certain amount of money, usually with interest, by a specified future date, recorded as liabilities on a balance sheet.

Accounts Payable

Accounts payable is a liability account that records the amounts a company owes to suppliers or vendors for goods or services received but not yet paid for.

Salaries Payable

A liability account representing the amounts owed to employees for work performed but not yet paid.

Net Income

The amount of money left after all expenses have been deducted from total revenues.