If There Are Five Firms in an Industry, Each with a Market

question 132

Multiple Choice

If there are five firms in an industry, each with a market share of 20 percent, the Herfindahl-Hirschman Index (HHI) of concentration is

• A) 2000.
• B) 400.
• C) 100.
• D) 20.

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Definitions:

Patricia Hill Collins

An American sociologist recognized for her research and theory on race, class, gender, sexuality, and nationality, especially as they intersect.

Black Patriarchy

A social and cultural system where black men hold power and dominate in matters of political leadership, moral authority, social privilege, and control of property within the context of black communities.

Heterosexism

The discrimination or prejudice against homosexual people on the assumption that heterosexuality is the normal or preferred sexual orientation.

Black Sexual Politics

An area of study and activism that examines the intersection of race and sexuality within the black community, addressing issues like stereotypes, representation, and sexual health disparities.