If an Industry's Herfindahl-Hirschman Index Is Less Than 1, the Industry

question 303

Multiple Choice

If an industry's Herfindahl-Hirschman Index is less than 1, the industry is likely to be

• A) competitive.
• B) an oligopoly.
• C) a monopoly.
• D) technologically inefficient.

---

Definitions:

Polygraph Testing

A lie detector test used to measure and record physiological indicators such as blood pressure and heart rate to determine the truthfulness of a person's statements.

Age Discrimination in Employment Act

A federal law that prohibits employment discrimination against individuals 40 years of age or older.

State Government

The government of an individual state within a federal structure, responsible for local policies and laws.

Gymnastics

a sport involving exercises, performances, or routines requiring physical strength, flexibility, agility, coordination, and balance.