The Herfindahl Index for the Industry Described in This Table

question 81

Multiple Choice

The Herfindahl index for the industry described in this table is

• A)80.
• B)1,800.
• C)greater than it would be if there were only four firms in the industry.
• D)1,600.

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Definitions:

Think

The process of using one's mind to consider or reason about something.

Speak

To utter words or articulate sounds with the ordinary voice; to express thoughts, opinions, or information verbally.

Encourage

To support, inspire, or motivate individuals or groups to take action or to continue with an activity.

Discourage

To dissuade or deter someone from doing something through persuasion or by creating doubts or fears.