If There Are Five Firms in an Industry, Each with a Market

question 132

Multiple Choice

If there are five firms in an industry, each with a market share of 20 percent, the Herfindahl-Hirschman Index (HHI) of concentration is

• A) 2000.
• B) 400.
• C) 100.
• D) 20.

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Definitions:

X-Linked Recessive Disorder

A genetic disorder carried on the X chromosome, where males are typically more affected due to having only one X chromosome.

Color Blindness

A visual deficiency where one is unable to differentiate between certain colors due to absence or malfunction of color-detecting components in the eyes.

Inherited

Traits or conditions that are passed from parents to offspring through genes.

Transposable Elements

DNA sequences that can change their position within a genome, sometimes creating or reversing mutations and altering the cell's genetic identity.