There Are Two Major Internet Service Providers in Corinthia

question 63

Multiple Choice

There are two major Internet service providers in Corinthia.One company has a market share of 60 percent,and the other firm has a market share of 40 percent.The Herfindahl-Hirschman Index for this industry is ________.

• A) 100,000
• B) 1,200
• C) 5,200
• D) 100

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Definitions:

Prepaid Insurance

A current asset account that represents payments made for insurance services that will be consumed in future periods.

Posting Reference

An alphanumeric code or number used in accounting to indicate the ledger account that a journal entry has been posted to.

Journal Entry

A record of a financial transaction in an accounting system, detailing the accounts affected and the amounts debited and credited.

Transferring Debits

The process of moving debit entries from one account to another in accounting, typically to ensure accuracy in financial records.