-A Market Has 4 Firms in It

question 89

Multiple Choice

-A market has 4 firms in it.The market shares are in the table above.The table represents a(n) ________ market because its ________.

• A) competitive; Herfindahl-Hirschman Index (HH
• I) equals 1425
• B) competitive; four-firm concentration ratio equals 65 percent
• C) uncompetitive; Herfindahl-Hirschman Index (HH
• I) equals 65 percent
• D) perfectly competitive; Herfindahl-Hirschman Index (HH
• I) is less than 1500
• E) uncompetitive; four-firm concentration ratio exceeds 60 percent

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