The Following Are the Respective Numbers for the Four-Firm Concentration

question 17

Multiple Choice

The following are the respective numbers for the four-firm concentration ratio and Herfindahl index in an industry. Which set of numbers is most suggestive that the industry is monopolistically competitive?

• A)32 and 540
• B)48 and 870
• C)76 and 1,689
• D)95 and 3,542

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Definitions:

Sequential Lineup

A police procedure in which suspects are presented to an eyewitness one at a time rather than all at once.

Lineup

A procedure in law enforcement in which a collection of individuals is presented to a witness for the identification of a suspect.

Goals Of Prison

The objectives of incarceration, typically including deterrence, incapacitation, rehabilitation, and retribution.

Qualitative Research

Qualitative Research focuses on exploring ideas, understanding phenomena, and answering questions by analyzing non-numerical data like texts, interviews, or images to gain insights.