If the Four-Firm Concentration Ratio in an Oligopolistic Five-Firm Industry

question 196

Multiple Choice

If the four-firm concentration ratio in an oligopolistic five-firm industry is 80 percent, and each firm has an equal percentage of sales, the Herfindahl index is

• A) 8,000.
• B) 2,000.
• C) 2,500.
• D) 1,600.

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Definitions:

Implicit Reproach

An indirect expression of disapproval or criticism, not openly stated but implied through behavior or speech.

Emotional Response

A psychological reaction to a stimulus, often involving feelings such as happiness, sadness, anger, or fear.

Real Or Imagined

Refers to perceptions and experiences that may not necessarily correspond to reality but can have real effects on behavior and emotions.

Threat

A perceived danger or the possibility of harm that can create a response of fear or readiness.