If a Market Is Shared Equally by 100 Firms,the Herfindahl-Hirschman

question 120

Multiple Choice

If a market is shared equally by 100 firms,the Herfindahl-Hirschman Index is

• A)1/100.
• B)1/50.
• C)1.
• D)50.
• E)100.

---

Definitions:

Process Costing

An accounting method used to allocate costs to units of product in continuous, homogeneous production processes.

Department A

A specific segment or division within an organization that focuses on a particular set of tasks or responsibilities.

Equivalent Units

A concept in cost accounting used to equate units of production in various stages of completion to a number of fully completed units.

Direct Labour

This refers to the work done by employees who directly contribute to the manufacturing or production process of a company's goods or services.