In an Oligopoly with Two Firms, One Firm's Share of the Market

question 103

Multiple Choice

In an oligopoly with two firms, one firm's share of the market is 70 percent. The Herfindahl-Hirschman Index is

• A) 4,900.
• B) 0.7.
• C) 5,800.
• D) 100.

---

Definitions:

Education Levels

Classifications that describe the highest degree of education completed by individuals or required for certain jobs.

Means

Means refer to the average values of sets of data, calculated by summing all values and dividing by the number of data points.

≠ 0

Symbol indicating that a quantity or difference is not equal to zero, often used in hypotheses testing to signify a non-null effect.