Translate the Sentence to an Inequality

question 120

Multiple Choice

Translate the sentence to an inequality.
-The score on a test was between 81 and 62.

• A) x < 81
• B) 62 < x < 81
• C) 81 < x < 62
• D) x > 62

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Definitions:

Herfindahl-Hirschman Index

A measure used to assess the market concentration and competition level within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Market Share

The portion of a market controlled by a particular company or product, indicative of competitiveness.

Herfindahl Index

Measures the concentration of market power within an industry, calculated by summing the squares of the market share percentages held by the various firms within the market.

Herfindahl-Hirschman Index

The Herfindahl-Hirschman Index (HHI) is a measure of market concentration used to determine the level of competition within an industry, calculated by squaring the market share of each firm competing in the market and summing the resulting numbers.