In an Industry There Are Only 20 Firms and Each

question 71

Multiple Choice

In an industry there are only 20 firms and each of them has equal share. Compute Herfindahl Hirschman Index and state the level of concentration in the industry.

• A) HHI = 500; High Concentration
• B) HHI = 8000; low Concentration
• C) HHI = 8000; High Concentration
• D) HHI = 500; Low Concentration

---

Definitions:

Maximum Sediment Grain Size

The largest diameter of individual grains in a sedimentary deposit, indicating the energy of the transporting medium.

Canyon

A deep gorge, typically with a river flowing through it, carved over time by the erosion of water and weathering processes.

Base Level

Base level is the lowest point to which a stream or river can erode its channel, often defined by the body of water into which it flows.

Base Level

The lowest point to which a stream or river can erode its channel, often determined by the body of water into which the river flows, such as an ocean, lake, or larger river.