Suppose That There Are Five Firms in a Market, Each

question 164

Multiple Choice

Suppose that there are five firms in a market, each controlling 20% of the market. The HHI would equal

• A) 10.
• B) 100.
• C) 1,000.
• D) 2,000.

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Definitions:

Repetition

The action of repeating something that has already been said or done.

Alignment

The adjustment or arrangement of positions in a straight line or in parallel, often referring to text, objects, or values in various fields.

Document-Design

The process of visually planning and arranging the contents of a document to improve readability and aesthetic appeal.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.