Suppose That a Particular Industry Has a Four-Firm Concentration Ratio

question 43

Multiple Choice

Suppose that a particular industry has a four-firm concentration ratio of 85 and a Herfindahl index of 3,000. Most likely, this industry would achieve

• A)both productive efficiency and allocative efficiency.
• B)allocative efficiency but not productive efficiency.
• C)neither productive efficiency nor allocative efficiency.
• D)productive efficiency but not allocative efficiency.

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Definitions:

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The aperture in the center of the iris of the eye through which light enters.

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The length of time that something lasts or continues.

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A cultural anthropologist known for his studies of personal space and its impact on communication, termed "proxemics."

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