The Herfindahl-Hirschman Index Measures

question 297

Multiple Choice

The Herfindahl-Hirschman Index measures

• A) the degree of concentration in a market.
• B) the percentage of market share held by the four largest firms in a market.
• C) the percentage of market share held by the largest firm in a market.
• D) the market share held by the largest firm in a market divided by the market share held by all other firms in the market.

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Definitions:

Alditol

A type of sugar alcohol resulting from the reduction of an aldose, wherein the aldehyde group is converted into a hydroxyl group.

Ruff Degradation

A chemical reaction used for the oxidation of aldoses to smaller aldoses.

NaBH4

Sodium borohydride, a reducing agent commonly used in the reduction of ketones and aldehydes to alcohols.

HNO3

Nitric acid, a highly corrosive and toxic strong acid used in the manufacture of fertilizers and explosives.