The Smaller the Herfindahl Index, the

question 100

Multiple Choice

The smaller the Herfindahl index, the

• A)less the degree of import competition in an industry.
• B)greater the degree of import competition in an industry.
• C)greater the degree of market power in an industry.
• D)less the degree of market power in an industry.

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Definitions:

In Favor

A position or opinion that is supportive of or positive about a particular situation, proposal, or concept.

Median-Voter Model

A theoretical model in political science suggesting that the outcome of a majority vote is most likely to reflect the preference of the median voter.

Political Logrolling

A method where lawmakers reciprocate support by backing each other's suggested measures or legislative agendas.

Paired-Choice Voting

A voting system where voters choose between pairs of candidates or options in a series of rounds, each round narrowing down the choices until a winner is decided.