If the Four-Firm Concentration Ratio in an Industry Is 80

question 108

Multiple Choice

If the four-firm concentration ratio in an industry is 80 percent, and the top four firms hold equal market shares, the Herfindahl index for the industry is

• A)1,600.
• B)2,000.
• C)3,200.
• D)6,400.
• E)There is not enough information provided to answer this question.

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Definitions:

Plagiarizing

The practice of taking someone else's work or ideas and passing them off as one's own without proper acknowledgment.

Norming Stage

A phase in team development where members resolve conflicts, accept roles, and establish a sense of unity and cooperation.

Social Demands

the expectations or requirements imposed by society on individuals, influencing behavior and social roles.

Technical Demands

The specialized requirements or knowledge needed to perform specific tasks or operate certain equipment or systems.