Industries X and Y Both Have Four-Firm Concentration Ratios of 32

question 168

Multiple Choice

Industries X and Y both have four-firm concentration ratios of 32 percent, but the Herfindahl index for X is 256, while that for Y is 264. These data suggest

• A) greater market power in X than in Y.
• B) greater market power in Y than in X.
• C) that X is more technologically progressive than Y.
• D) that price competition is stronger in Y than in X.

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Definitions:

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a language, including word order and sentence organization.

Semantics

The branch of linguistics and logic concerned with meaning, including the ways meaning is structured in language and how changes in word arrangement affect meaning.

Morphology

Morphology refers to the study of the form and structure of organisms or their specific structural features.

Phonology

The study of the sound system of languages, including the rules for combining and using sounds to communicate meaning.