If the Four-Firm Concentration Ratio in an Oligopolistic Five-Firm Industry

question 88

Multiple Choice

If the four-firm concentration ratio in an oligopolistic five-firm industry is 80 percent, and each firm has an equal percentage of sales, the Herfindahl index is

• A)8,000.
• B)2,000.
• C)2,500.
• D)1,600.

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Definitions:

Irrational Beliefs

Beliefs that are not based on reason or logical thinking and often contribute to negative emotions or behaviors.

Negative Environmental Events

Circumstances or occurrences within one's environment that have detrimental effects on their mental or physical well-being.

Environmental Variables

Factors within the environment that can influence or change the outcome of an individual's behavior or responses.

Philosophical Disputation

A method of argument and debate used in philosophy to explore and resolve conflicting viewpoints or theories.