The Herfindahl-Hirschman Index Is _____ for Three Firms with Market

question 26

Multiple Choice

The Herfindahl-Hirschman index is _____ for three firms with market shares of 45%, 35%, and 20%, respectively.

• A) 100
• B) 1000
• C) 3,650
• D) 10,000

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Definitions:

Proposition

A comment that denotes a judgment or viewpoint.

Consequent

In logic, this refers to the outcome in a conditional statement, which follows from its condition (if-then statement).

Proposition

A proposition is a statement or assertion that expresses a judgment or opinion.

Syllogism

A form of deductive reasoning that arrives at a conclusion based on two premises, where each shares a common term.