In a Contestable Market the Herfindahl-Hirschman Index Is ________ and the Market

question 70

Multiple Choice

In a contestable market the Herfindahl-Hirschman Index is ________ and the market behaves as if it is ________.

• A) low; perfectly competitive
• B) low; a monopoly
• C) high; perfectly competitive
• D) high; a monopoly

---

Definitions:

Constitutional Right

A right granted and protected by a country's constitution, often referring to those rights considered fundamental to the functioning of the society.

Counsel

A legal advisor or a lawyer providing legal advice or representation in court, often in criminal cases.

United States v. Windsor

A landmark Supreme Court case in 2013 that overturned Section 3 of the Defense of Marriage Act, advancing the rights of same-sex couples.

DOMA

The Defense of Marriage Act, legislation passed in 1996 in the United States that defined marriage as the union of one man and one woman for federal and inter-state recognition purposes.