Refer to the Data

question 77

Multiple Choice

Refer to the data. Suppose that firms in this industry split up such that there were 100 firms, each with a 1 percent market share. The four-firm concentration ratio and the Herfindahl index respectively would be

• A)100 percent and 10,000.
• B)4 percent and 4.
• C)100 percent and 16.
• D)4 percent and 100.

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Definitions:

Population Increase

The rise in the number of individuals within a specific geographic area, due to factors like birth rates, migration, and mortality rates.

Great Wagon Road

A historical route extending from Pennsylvania to North Carolina, used during the 18th century by settlers moving south and west across the Appalachian Mountains.

Evangelicalism

is a Protestant movement emphasizing salvation through faith in Jesus Christ, the authority of the Bible, and the importance of spreading the Christian message.

Dissemination of News

The process of spreading news and information to a wide audience through various media channels.