Suppose That There Are Two Industries,A and B

question 94

Multiple Choice

Suppose that there are two industries,A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 million, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.5 million for each firm. The HHI for industry B is:

• A) 2,500.
• B) 1,800.
• C) 3,200.
• D) 2,800.

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Definitions:

Approved Standards

Officially recognized criteria, guidelines, or specifications for products, services, processes, or systems that ensure quality, safety, efficiency, and interchangeability.

Behavior

The actions or reactions of an object or organism, usually in relation to the environment or stimuli.

Augmented Reality

A technology that superimposes computer-generated images on a user's view of the real world, thus providing a composite view.

Data Mining

Data mining involves extracting valuable information from a large set of data, by identifying patterns, anomalies, and correlations.