Each of the Following Is an Example of Aggregate Data

question 65

Multiple Choice

Each of the following is an example of aggregate data EXCEPT

• A) 120 live births
• B) Product of conception weighed 1005g
• C) Postoperative infection rate = 1.37%
• D) 11,522 inpatient service days

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Definitions:

Oligopoly

A distinct form of market where only a few companies have significant influence over industry prices and competition.

Herfindahl Index

A measure of market concentration used to determine the competitive landscape by summing the squares of the market shares of all firms in the industry.

Market Shares

The segment of a market dominated by a specific company or product, usually represented as a percentage.

Concentration Ratio

A measure of the total output produced in an industry by a given number of firms, usually the largest in the industry, indicating the level of market competition.