Refer to the Data

question 244

Multiple Choice

Refer to the data. Suppose that firms A and F merged into a single firm. The four-firm concentration ratio and the Herfindahl index would be

• A)90 percent and 2,100, respectively.
• B)80 percent and 2,100, respectively.
• C)100 percent and 2,200, respectively.
• D)90 percent and 2,200, respectively.

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Definitions:

Seagram's

A large and historical brand known for its production of alcoholic beverages, notably whiskey, and involvement in the entertainment and beverages industry.

Universal Records

A global music corporation that manages recordings and copyrights of artists.

Leisure

Free time not taken up by work, duties, or responsibilities, which can be used for relaxation, hobbies, or personal enjoyment.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.