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

---

Definitions:

True

A logical or Boolean value indicating affirmative or confirmation, often represented digitally as '1' in binary.

Pressure Switch

A device that closes or opens an electrical contact when a certain set fluid pressure has been reached on its input.

Selector Switch

A switch used to select between two or more different operations or circuits.

Pushbutton

a mechanical switch that is activated or deactivated by pressing it, commonly used to control devices or initiate actions.