Choices That Are Best for the Individuals That Make Them

question 20

Multiple Choice

Choices that are best for the individuals that make them are choices in pursuit of

• A) the social interest.
• B) efficiency.
• C) incentives.
• D) self-interest.
• E) equity.

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Definitions:

Market Share

The fraction of a market occupied by an individual company or product, often described by its percentage of aggregate sales in the market.

Herfindahl Index

A measure of market concentration used to determine the amount of competition among firms within an industry.

Market Shares

The share of sales within an industry attributed to a certain company.

Herfindahl Index

An indicator used to measure the size of firms in relation to the industry and an index of market concentration.