An Industry Consists of Three Firms with Equal Annual Sales

question 16

Multiple Choice

An industry consists of three firms with equal annual sales.What is the industry's HHI?

• A) 2,000
• B) 3,300
• C) 10,000
• D) There is not sufficient information to compute the industry HHI.

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Definitions:

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Placenta

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Zygote

The initial cell formed when a new organism is conceived by the union of an egg and a sperm cell, containing genetic information from both parents.

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A steroid hormone that plays a key role in the development of male reproductive tissues as well as promoting secondary sexual characteristics such as increased muscle and bone mass, and the growth of body hair.