Of the Groups Listed Below, Which Is Most Likely to Lobby

question 105

Multiple Choice

Of the groups listed below, which is most likely to lobby for protection?

• A) workers in the import industry
• B) workers in the export industry
• C) consumers in the import industry
• D) producers in the export industry

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Definitions:

Herfindahl-Hirschman Index

A measure of market concentration to assess the level of competition within an industry.

Herfindahl-Hirschman Index

A measure of market concentration, calculated by summing the squares of the market shares of all firms in the industry.

Industry A

Placeholder for a specific sector of the economy, often used as an example in economic contexts.

Barriers to Entry

Economic, procedural, or market-based factors that obstruct or restrict the ability of new competitors to enter an industry.