Industries X and Y Both Have Four-Firm Concentration Ratios of 65

question 120

Multiple Choice

Industries X and Y both have four-firm concentration ratios of 65 percent,but the Herfindahl index for X is 1,500 while that for Y is 2,000.These data suggest:

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

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