-Based on the Above Table, Which Shows the Firms and Sales

question 308

Multiple Choice

-Based on the above table, which shows the firms and sales in an industry, what is the approximate value of the Herfindahl-Hirschman Index?

• A) 1,660
• B) 2,300
• C) 4,800
• D) 10,000

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Definitions:

Circular 230

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Regressive Tax

A tax rate that decreases as the taxable amount increases, placing a higher burden on lower-income earners.

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