The Sum of the Squared Values of Market Shares of Firms

question 93

Multiple Choice

The sum of the squared values of market shares of firms in an industry is referred to as the

• A) concentration ratio.
• B) Herfindahl index.
• C) variance value.
• D) antitrust index.

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Definitions:

Apparel Industry

The sector of the economy that is involved in the design, production, and distribution of clothing and accessories.

Cotton

A natural fiber harvested from the cotton plant, used primarily in the textile industry for making fabrics.

Water Usage

The act of using water for various purposes, including domestic, agricultural, industrial, and recreational activities, which can have significant environmental and economic implications.

Corporate Social Responsibility (CSR)

A self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.