What Would the Herfindahl-Hirschman Index Equal for an Industry Consisting

question 152

Multiple Choice

What would the Herfindahl-Hirschman Index equal for an industry consisting of six firms with market shares of 5%, 10%, 15%, 20%, 25%, and 25%?

• A)100 
• B)1,350 
• C)1,375 
• D)2,000

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Definitions:

Good A

A placeholder term that typically represents a general or unspecified item in economic models or discussions.

Good B

A term representing a specific product or service under consideration in an economic model or market analysis.

Marginal Utility

The increased fulfillment or advantage obtained by using one more unit of a good or service.

Bundle A

Not a standardized economic term without context; appears to be a placeholder name for a specific set of goods and services.