When the Herfindahl-Hirschman Index for an Industry Is

question 60

Multiple Choice

When the Herfindahl-Hirschman Index for an industry is

• A) very small, the industry can be perfectly competitive.
• B) very large, the industry can be perfectly competitive.
• C) 10,000, the industry is perfectly competitive.
• D) very small, the industry can be a monopoly.
• E) above 5,000, the industry is considered not very competitive, and when it is below 5,000, the industry is considered very competitive.

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Definitions:

Affection

A feeling of fondness or liking.

Contact Motive

The inherent desire or drive in individuals to seek out social interactions and establish connections with others.

Cuddling

The act of holding someone closely in one's arms as a way of showing affection, which can increase oxytocin levels and reduce stress.

Manipulation Motive

The driving intention behind influencing or controlling someone's behavior or emotions for one's own purposes.