The Herfindahl Index for an Industry Is 2,550

question 88

Multiple Choice

The Herfindahl index for an industry is 2,550. Which of the following sets of market shares and industry with four firms would produce such an index?

• A) 20, 20, 30, and 30
• B) 25, 25, 25, and 25
• C) 20, 25, 25, and 30
• D) 10, 20, 30, and 40

---

Definitions:

Consumer

An individual who purchases goods and services for personal use.

Alternatives

Different options or choices available in any given situation, allowing for flexibility in decision-making processes.

Activities

Engagements or tasks that individuals or groups undertake, often with a specific purpose or objective in mind.

Attitudes

Mental and emotional entities which predispose an individual's response to various situations, objects, or people.