Industries X and Y Both Have Four-Firm Concentration Ratios of 32

question 191

Multiple Choice

Industries X and Y both have four-firm concentration ratios of 32 percent, but the Herfindahl index for X is 256, while that for Y is 264. These data suggest

• A)greater market power in X than in Y.
• B)greater market power in Y than in X.
• C)both industries are strongly oligopolistic.
• D)that price competition is stronger in Y than in X.

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Definitions:

Heterotypic Continuity

The reflection of the consistency of fundamental differences in personality that changes with age; e.g., the emotionally fragile child will act differently than the emotionally fragile adult, but the underlying trait is the same.

Childhood Temperament

The inherent personality traits and behavioral styles that are observable in early childhood.

Positive Emotionality

The tendency to experience positive emotions like happiness, joy, and enthusiasm frequently and intensely.

Negative Emotionality

Negative emotionality is the tendency to experience negative emotions such as anger, anxiety, or depression more frequently and intensely.