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:

Unapproved Prospectus

A preliminary document providing details about an investment offering for sale, which has not yet been sanctioned by the relevant authority.

Production's Need

The requirements necessary for the production process, including materials, labor, and capital.

Consumption's Need

This term could relate to the requirement or demand for goods and services by individuals or households in an economy, but without more context, it's broadly related to consumer behavior.

Available Savings

The amount of money that remains after all spending, taxes, and financial obligations have been accounted for.