If There Are Only Three Firms in an Industry with 50

question 30

Multiple Choice

If there are only three firms in an industry with 50 percent,40 percent,and 10 percent of the market share,respectively,the Herfindahl-Hirschman Index is _____

• A)40.
• B)100.
• C)200.
• D)33.
• E)4,200.

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Definitions:

Revue Negre

A famous Parisian entertainment show in the 1920s that marked the debut of Josephine Baker, symbolizing the acceptance and fascination with African-American culture in France.

Josephine Baker

An African American entertainer who gained fame in Paris in the 1920s, known for her contributions to the Jazz Age and civil rights activism.

Legendary Figure

A person who has become mythic or iconic in status, often celebrated for extraordinary deeds or qualities, sometimes with historical basis.

Great Migration

The movement of over six million African Americans from the rural Southern United States to the urban Northeast, Midwest, and West from approximately 1916 to 1970, seeking better jobs and living conditions.