Suppose That There Are Two Industries, a and B

question 87

Multiple Choice

Suppose that there are two industries, A and B.There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively.There are 4-firms in industry B with equal sales of $2.5 million for each firm.The HHI for industry A is

• A)3,200.
• B)2,800.
• C)1,800.
• D)2,500.

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Definitions:

Adaptive

The ability or tendency to adjust to new conditions or environments, or to modify oneself for better compatibility and efficiency in response to changes.

Genetics

The study of heredity and the variation of inherited characteristics.

Negative Emotions

Feelings that are usually perceived as unpleasant or harmful, such as sadness, anger, and fear.

Affect-as-information Theory

A psychological theory suggesting that individuals use their emotional states as information in making judgments and decisions.