Answer the Question on the Basis of the Following Table $\begin{array}{c}&&\text { Market Share of Firms in Industry }\end{array}$

question 62

Multiple Choice

Answer the question on the basis of the following table showing market shares of firms in hypothetical industries.Assume these are distinct industries with no buyer-seller relationships or competition among them. $\begin{array}{c}&&\text { Market Share of Firms in Industry }\end{array}$
$\begin{array}{c}\begin{array}{lll}\\Industry\\Alpha\\Beta\\Cappa\\Delta\\\end{array}\begin{array}{lll}\\1&2&3&4&5&6\\30&30&20&20&--&--\\80&10&5&3&1&1\\25&25&25&25&--&--\\20&20&20&20&10&10\end{array}\end{array}$ Refer to the table.The industry with the greatest market power as measured by the Herfindahl index is:

• A) Alpha.
• B) Beta.
• C) Cappa.
• D) Delta.

---

Definitions:

Foramen Magnum

A large opening at the base of the skull through which the brain connects to the spinal cord.

Medulla Oblongata

The lower portion of the brainstem controlling vital functions such as heartbeat and breathing.

Spinal Cord

The cylindrical bundle of nerve fibers and associated tissue that is connected to the brain and lies within the vertebral canal.

Thecal Sac

The protective membrane surrounding the spinal cord and nerve roots.