Industries X and Y Both Have Four-Firm Concentration Ratios of 70

question 75

Multiple Choice

Industries X and Y both have four-firm concentration ratios of 70 percent, but the Herfindahl index for X is 2,500, while that for Y is 2,000. These data suggest

• A) greater market power in Y than in X.
• B) greater market power in X than in Y.
• C) that X is more technologically progressive than Y.
• D) that price competition is stronger in X than in Y.

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Definitions:

Psychological Disorders

Psychological disorders marked by changes in cognition, emotional state, or actions that lead to suffering or decreased ability to function.

Violent Crimes

Acts that involve force or threat of force against individuals, including assault, robbery, and homicide.

Gun Violence

The act of using a firearm to inflict harm or death on others, a major public health and safety issue.

Psychological Disorder

A disorder characterized by patterns of thought, emotion, and behavior that are maladaptive, significantly disrupt daily life, and may cause distress.