Suppose the Herfindahl Indexes for Industries A, B, and C

question 138

Multiple Choice

Suppose the Herfindahl indexes for industries A, B, and C are 672, 450, and 875 respectively. These data imply that

• A)market power is greatest in industry A.
• B)market power is greatest in industry B.
• C)market power is greatest in industry C.
• D)industry B is more monopolistic than industry A.

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