The Sum of the Squared Values of Market Shares of Firms

question 166

Multiple Choice

The sum of the squared values of market shares of firms in an industry is referred to as the

• A)concentration ratio.
• B)Herfindahl index.
• C)variance value.
• D)antitrust index.

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Definitions:

Population Mean

The mean of all members of a whole population, representing the central tendency of the population data.

Sample Mean

The average of a set of observations or scores taken from a sample.

Skewed

Refers to a distribution that is not symmetric and has a tail that extends more towards one side than the other.

Measures Of Center

Statistical measures that describe the central tendency of a dataset, including the mean, median, and mode.